Gray Television (NYSE:GTN.A) Stock Price Down 7.1% – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A) shares traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as $6.79 and last traded at $6.71. 167 shares were traded during mid-day trading, a decline of 98% from the average session volume of 7,979 shares. The stock had previously closed at $7.22.

Gray Television Stock Down 7.1 %

The stock has a fifty day moving average of $7.09 and a two-hundred day moving average of $7.16. The stock has a market cap of $680.85 million, a price-to-earnings ratio of 4.47 and a beta of 0.94. 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 (NYSE:GTN.A) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is currently 9.61%.

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.