Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Shares of Gray Television, Inc. (NYSE:GTN.A) saw an uptick in trading volume on Monday . 39,495 shares traded hands during trading, an increase of 481% from the previous session’s volume of 6,795 shares.The stock last traded at $6.34 and had previously closed at $6.87.

Gray Television Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock has a market cap of $629.90 million, a price-to-earnings ratio of 4.21 and a beta of 1.22. The stock’s fifty day moving average is $7.28 and its 200-day moving average is $7.93.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s dividend payout ratio is currently 21.33%.

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.