Gray Television (NYSE:GTN.A) Stock Price Down 8.6% – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) shares dropped 8.6% during mid-day trading on Friday . The company traded as low as $5.77 and last traded at $5.77. Approximately 362 shares were traded during trading, a decline of 95% from the average daily volume of 7,170 shares. The stock had previously closed at $6.31.

Gray Television Stock Up 2.5 %

The company has a fifty day moving average price of $7.26 and a 200 day moving average price of $7.92. The company has a market cap of $644.85 million, a PE ratio of 4.31 and a beta of 1.22. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given 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 4.95%. Gray Television’s dividend payout ratio (DPR) is presently 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.