Shares of Gray Television, Inc. (NYSE:GTN.A – Get Free Report) traded down 8.3% during mid-day trading on Friday . The stock traded as low as $7.73 and last traded at $7.73. 291 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,997 shares. The stock had previously closed at $8.43.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.
Check Out Our Latest Report on Gray Television
Gray Television Stock Performance
Gray Television (NYSE:GTN.A – Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) EPS 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 firm had revenue of $864.00 million during the quarter.
Gray Television Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 3.68%. Gray Television’s dividend payout ratio is currently -23.02%.
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.
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