Gray Television (NYSE:GTN.A) Sees Large Volume Increase

Shares of Gray Television, Inc. (NYSE:GTN.A) saw strong trading volume on Thursday . 9,837 shares traded hands during mid-day trading, an increase of 412% from the previous session’s volume of 1,923 shares.The stock last traded at $8.22 and had previously closed at $7.85.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Gray Television Trading Up 9.7 %

The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $836.89 million, a P/E ratio of -5.48 and a beta of 1.27. The stock has a 50-day moving average of $7.67 and a two-hundred day moving average of $8.06.

Gray Television (NYSE:GTN.A) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%. The company had revenue of $864.00 million for the quarter.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.72%. Gray Television’s dividend payout ratio (DPR) is currently -23.02%.

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.