Gray Television (NYSE:GTN.A) Sees Large Volume Increase – What’s Next?

Shares of Gray Television, Inc. (NYSE:GTN.A) saw unusually-strong trading volume on Tuesday . Approximately 7,935 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 5,879 shares.The stock last traded at $6.90 and had previously closed at $6.88.

Gray Television Stock Performance

The company has a market cap of $707.66 million, a P/E ratio of 4.73 and a beta of 1.22. The company has a 50 day moving average price of $7.33 and a 200-day moving average price of $8.01. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 4.51%. Gray Television’s payout ratio is 21.33%.

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.