Gray Television (NYSE:GTN.A) Shares Gap Down – Should You Sell?

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.55, but opened at $8.18. Gray Television shares last traded at $8.00, with a volume of 163 shares changing hands.

Gray Television Stock Down 4.3 %

The firm has a market cap of $822.09 million, a P/E ratio of 5.40 and a beta of 1.24. The firm’s 50-day moving average price is $7.06 and its 200 day moving average price is $7.18. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television (NYSE:GTN.A) last released its earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The company had revenue of $1.05 billion for the quarter.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 3.95%. Gray Television’s payout ratio is 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.