Gray Television (NYSE:GTN.A) Trading 5% Higher – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A) shares traded up 5% during mid-day trading on Thursday . The stock traded as high as $6.78 and last traded at $6.40. 5,379 shares were traded during trading, a decline of 32% from the average session volume of 7,923 shares. The stock had previously closed at $6.10.

Gray Television Stock Down 3.5 %

The firm has a 50 day simple moving average of $7.07 and a two-hundred day simple moving average of $7.29. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $650.83 million, a price-to-earnings ratio of 4.35 and a beta of 1.24.

Gray Television (NYSE:GTN.A) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. The company had revenue of $1.05 billion for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.90%. Gray Television’s payout ratio is presently 9.61%.

About Gray Television

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.