Gray Television (NYSE:GTN.A) Trading 4.4% Higher – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A)’s stock price shot up 4.4% during trading on Tuesday . The stock traded as high as $6.60 and last traded at $6.58. 7,056 shares changed hands during trading, an increase of 8% from the average session volume of 6,532 shares. The stock had previously closed at $6.30.

Gray Television Stock Performance

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average price of $7.31 and a 200 day moving average price of $7.97. The stock has a market capitalization of $770.43 million, a PE ratio of 4.20 and a beta of 1.22.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.14%. 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.