Gray Television (NYSE:GTN.A) Stock Price Up 5.2% – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A)’s share price shot up 5.2% during trading on Thursday . The stock traded as high as $6.32 and last traded at $6.54. 103 shares were traded during mid-day trading, a decline of 99% from the average session volume of 7,951 shares. The stock had previously closed at $6.21.

Gray Television Stock Performance

The company’s fifty day moving average is $7.03 and its 200 day moving average is $7.21. The company has a market capitalization of $687.45 million, a P/E ratio of 4.51 and a beta of 1.24. 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 (NYSE:GTN.A) last released its earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. The firm had revenue of $1.05 billion for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.73%. Gray Television’s dividend payout ratio (DPR) is currently 9.61%.

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.