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

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

Gray Television Stock Down 2.6 %

The stock has a market capitalization of $705.66 million, a PE ratio of 4.59 and a beta of 1.29. The firm’s fifty day moving average is $7.36 and its 200-day moving average is $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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.08 per share. 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 currently 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.