Gray Television (NYSE:GTN.A) Stock Price Down 8.6% – Here’s Why

Gray Television, Inc. (NYSE:GTN.A)’s share price fell 8.6% during trading on Friday . The stock traded as low as $5.77 and last traded at $5.77. 362 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 7,170 shares. The stock had previously closed at $6.31.

Gray Television Trading Up 2.5 %

The firm has a fifty day moving average of $7.26 and a two-hundred day moving average of $7.92. The company has a market cap of $644.85 million, a PE ratio of 4.31 and a beta of 1.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s 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.