Gray Television (NYSE:GTN.A) Shares Up 6.2% – Time to Buy?

Shares of Gray Television, Inc. (NYSE:GTN.A) traded up 6.2% on Monday . The stock traded as high as $7.94 and last traded at $8.05. 109 shares traded hands during trading, a decline of 97% from the average session volume of 4,086 shares. The stock had previously closed at $7.58.

Gray Television Price Performance

The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50 day simple moving average is $7.33 and its 200-day simple moving average is $7.16. The stock has a market capitalization of $817.42 million, a price-to-earnings ratio of 5.37 and a beta of 1.04.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) EPS for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%.

Gray Television Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, June 13th. Gray Television’s dividend payout ratio is 13.85%.

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.