Gray Television (NYSE:GTN.A) Stock Price Down 4.5% – Time to Sell?

Gray Television, Inc. (NYSE:GTN.A) was down 4.5% on Tuesday . The stock traded as low as $6.95 and last traded at $6.79. Approximately 1,415 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,006 shares. The stock had previously closed at $7.11.

Gray Television Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market cap of $683.89 million, a PE ratio of 4.49 and a beta of 0.94. The stock has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $7.16.

Gray Television (NYSE:GTN.A) last released its earnings results on Thursday, February 27th. The company reported $1.59 EPS for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company had revenue of $1.05 billion during the quarter.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently 9.61%.

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.