Gray Television (NYSE:GTN.A) Trading 8.2% Higher – Should You Buy?

Shares of Gray Television, Inc. (NYSE:GTN.A) rose 8.2% during trading on Monday . The stock traded as high as $7.78 and last traded at $7.78. Approximately 12,616 shares traded hands during trading, an increase of 68% from the average daily volume of 7,502 shares. The stock had previously closed at $7.19.

Gray Television Stock Up 0.4 %

The business’s fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $7.76. 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 company has a market cap of $719.60 million, a PE ratio of 4.81 and a beta of 1.21.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television’s payout ratio is 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.