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

Gray Television, Inc. (NYSE:GTN.A) shares gapped up prior to trading on Friday . The stock had previously closed at $7.38, but opened at $7.61. Gray Television shares last traded at $7.72, with a volume of 1,545 shares traded.

Gray Television Price Performance

The company has a market cap of $740.05 million, a PE ratio of 4.95 and a beta of 1.21. The firm has a 50 day simple moving average of $7.08 and a 200-day simple moving average of $7.58. 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 released its quarterly earnings results on Friday, November 8th. The company reported $0.86 earnings per share (EPS) for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business had revenue of $950.00 million for the quarter.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.31%. 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.