Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A) shares saw strong trading volume on Tuesday . 8,071 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 8,062 shares.The stock last traded at $8.25 and had previously closed at $8.55.

Gray Television Trading Down 4.4 %

The company has a market capitalization of $824.02 million, a P/E ratio of 5.41 and a beta of 1.24. The company has a 50-day simple moving average of $7.08 and a 200 day simple moving average of $7.19. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

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

Gray Television Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television’s payout ratio 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.