Gray Television (NYSE:GTN.A) Shares Gap Up – Should You Buy?

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.10, but opened at $7.58. Gray Television shares last traded at $7.51, with a volume of 623 shares.

Gray Television Stock Performance

The stock has a market cap of $727.59 million, a P/E ratio of 4.87 and a beta of 1.21. 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 stock has a 50 day simple moving average of $7.10 and a 200 day simple moving average of $7.64.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.86 earnings per share for the quarter. The company had revenue of $950.00 million during the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.08 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.38%. Gray Television’s dividend payout ratio (DPR) is currently 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.