Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s Why

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped down before the market opened on Monday . The stock had previously closed at $8.55, but opened at $8.18. Gray Television shares last traded at $8.00, with a volume of 163 shares trading hands.

Gray Television Stock Down 6.5 %

The stock has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.17. The stock has a market capitalization of $811.33 million, a price-to-earnings ratio of 5.33 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

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

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently 9.61%.

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.