Gray Television (NYSE:GTN.A) Shares Gap Down – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $6.95, but opened at $6.57. Gray Television shares last traded at $6.57, with a volume of 373 shares traded.

Gray Television Stock Down 2.4 %

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The firm has a market cap of $675.76 million, a P/E ratio of 4.63 and a beta of 1.29. The company’s 50 day simple moving average is $7.45 and its 200-day simple moving average is $8.13.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, December 13th. Gray Television’s dividend payout ratio (DPR) is presently 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.