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

Gray Television, Inc. (NYSE:GTN.AGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $5.00, but opened at $5.67. Gray Television shares last traded at $5.98, with a volume of 274 shares traded.

Gray Television Price Performance

The company has a quick ratio of 1.63, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock’s 50-day moving average price is $7.40 and its 200 day moving average price is $8.09. The firm has a market cap of $828.26 million, a price-to-earnings ratio of 5.54 and a beta of 1.29.

Gray Television Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 3.85%. Gray Television’s dividend payout ratio (DPR) is 21.33%.

About Gray Television

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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.

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