Gray Television (NYSE:GTN.A) Shares Gap Down to $7.15

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.15, but opened at $6.44. Gray Television shares last traded at $6.44, with a volume of 1,342 shares.

Analyst Ratings Changes

Separately, TheStreet cut shares of Gray Television from a “c-” rating to a “d+” rating in a research report on Tuesday, March 12th.

Gray Television Trading Down 3.2 %

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.18 and a quick ratio of 1.18. The business’s fifty day simple moving average is $7.26 and its 200 day simple moving average is $8.02.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%. The firm had revenue of $864.00 million during the quarter.

Gray Television Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 5.37%. Gray Television’s dividend payout ratio is currently -23.02%.

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.