Gray Television (NYSE:GTN.A) Shares Gap Down – Should You Sell?

Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading on Thursday . The stock had previously closed at $6.95, but opened at $6.65. Gray Television shares last traded at $6.80, with a volume of 109 shares trading hands.

Gray Television Trading Down 0.9 %

The firm has a market cap of $689.98 million, a P/E ratio of 4.53 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The company’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $7.16.

Gray Television (NYSE:GTN.A) last announced 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 company had revenue of $1.05 billion for the quarter.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Friday, March 14th. Gray Television’s dividend payout ratio (DPR) is currently 9.61%.

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.