Gray Television (NYSE:GTN.A) Shares Up 8.2% – Still a Buy?

Shares of Gray Television, Inc. (NYSE:GTN.A) shot up 8.2% during mid-day trading on Monday . The company traded as high as $7.78 and last traded at $7.78. 12,616 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 7,502 shares. The stock had previously closed at $7.19.

Gray Television Price Performance

The firm has a market capitalization of $707.64 million, a P/E ratio of 4.73 and a beta of 1.21. The business has a fifty day moving average of $7.07 and a 200-day moving average of $7.73. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, December 13th. Gray Television’s dividend payout ratio (DPR) is 21.33%.

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.