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

Gray Television, Inc. (NYSE:GTN.AGet Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $7.38, but opened at $7.61. Gray Television shares last traded at $7.72, with a volume of 1,545 shares changing hands.

Gray Television Stock Performance

The business’s 50-day simple moving average is $7.08 and its two-hundred day simple moving average is $7.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market cap of $740.05 million, a price-to-earnings ratio of 4.95 and a beta of 1.21.

Gray Television (NYSE:GTN.AGet Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.86 earnings per share for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The company had revenue of $950.00 million during the quarter.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.08 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.31%. Gray Television’s dividend payout ratio is currently 21.33%.

Gray Television Company Profile

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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.

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