Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) shares saw unusually-strong trading volume on Monday . Approximately 3,104 shares traded hands during trading, an increase of 24% from the previous session’s volume of 2,501 shares.The stock last traded at $7.76 and had previously closed at $8.08.

Gray Television Price Performance

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 business has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $8.13. The firm has a market capitalization of $776.43 million, a price-to-earnings ratio of 115.45 and a beta of 1.29.

Gray Television (NYSE:GTN.A) last posted its earnings results on Thursday, August 8th. The company reported $0.09 EPS for the quarter. Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The firm had revenue of $826.00 million for the quarter.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Friday, September 13th. Gray Television’s dividend payout ratio is presently 457.21%.

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.