Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume – Still a Buy?

Posted by ABMN Staff on Dec 26th, 2024

Shares of Gray Television, Inc. (NYSE:GTN.A – Get Free Report) saw strong trading volume on Tuesday . 8,282 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 7,322 shares.The stock last traded at $7.19 and had previously closed at $7.14.

Gray Television Stock Performance

The business has a 50 day moving average of $7.21 and a 200-day moving average of $7.88. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $716.61 million, a P/E ratio of 4.79 and a beta of 1.22.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. 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 payout ratio is currently 21.33%.

Gray Television Company Profile

(Get Free Report)

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.