Gray Television (NYSE:GTN.A) Shares Gap Up – Still a Buy?

Gray Television, Inc. (NYSE:GTN.A) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.11, but opened at $7.29. Gray Television shares last traded at $7.29, with a volume of 930 shares changing hands.

Gray Television Stock Up 2.5 %

The stock has a market cap of $726.57 million, a price-to-earnings ratio of 4.86 and a beta of 1.22. The business’s 50 day moving average is $7.20 and its 200-day moving average is $7.86. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.08 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.39%. 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.