Gray Television (NYSE:GTN.A) Trading Down 5.2% – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A)’s stock price was down 5.2% during trading on Tuesday . The stock traded as low as $6.83 and last traded at $6.89. Approximately 3,378 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 4,719 shares. The stock had previously closed at $7.27.

Gray Television Stock Down 2.6 %

The stock has a market cap of $705.66 million, a PE ratio of 4.59 and a beta of 1.29. The firm has a fifty day moving average of $7.36 and a 200 day moving average of $8.06. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 4.52%. Gray Television’s dividend payout ratio is presently 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.