Gray Television (NYSE:GTN.A) Shares Gap Up – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shares gapped up before the market opened on Thursday . The stock had previously closed at $7.41, but opened at $7.99. Gray Television shares last traded at $7.99, with a volume of 891 shares trading hands.

Gray Television Trading Down 1.2 %

The company has a 50 day moving average of $7.38 and a 200 day moving average of $8.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market cap of $729.58 million, a price-to-earnings ratio of 4.94 and a beta of 1.29.

Gray Television Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, December 13th. Gray Television’s dividend payout ratio is currently 21.33%.

Gray Television Company Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.