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

Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading on Monday . The stock had previously closed at $6.66, but opened at $6.51. Gray Television shares last traded at $6.51, with a volume of 137 shares.

Gray Television Price Performance

The company has a market cap of $716.61 million, a price-to-earnings ratio of 4.79 and a beta of 1.22. The company’s 50-day simple moving average is $7.21 and its 200-day simple moving average is $7.89. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

Gray Television Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 4.45%. Gray Television’s dividend payout ratio 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.