Gray Television (NYSE:GTN.A) Trading Down 4.1% – Time to Sell?

Shares of Gray Television, Inc. (NYSE:GTN.A) were down 4.1% during trading on Tuesday . The company traded as low as $7.43 and last traded at $7.67. Approximately 1,556 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,080 shares. The stock had previously closed at $8.00.

Gray Television Trading Down 4.1%

The business’s 50 day simple moving average is $7.60 and its two-hundred day simple moving average is $7.26. The stock has a market cap of $778.83 million, a P/E ratio of 5.11 and a beta of 1.02. 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 issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.23) earnings per share (EPS) for 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, June 13th. Gray Television’s dividend payout ratio is currently 13.85%.

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.