Gray Television (NYSE:GTN.A) Trading Up 9.9% – What’s Next?

Gray Television, Inc. (NYSE:GTN.A) shot up 9.9% on Friday . The stock traded as high as $7.60 and last traded at $7.99. 4,622 shares changed hands during trading, a decline of 42% from the average session volume of 7,974 shares. The stock had previously closed at $7.27.

Gray Television Trading Up 4.6 %

The company has a market capitalization of $792.04 million, a price-to-earnings ratio of 5.20 and a beta of 1.24. The company has a 50-day moving average price of $6.99 and a 200-day moving average price of $7.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television (NYSE:GTN.A) last released its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. The business had revenue of $1.05 billion for the quarter.

Gray Television Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Friday, March 14th. Gray Television’s dividend payout ratio is 9.61%.

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.