Gray Television (NYSE:GTN.A) Shares Down 4.7% – Should You Sell?

Gray Television, Inc. (NYSE:GTN.A)’s stock price fell 4.7% during trading on Thursday . The company traded as low as $6.85 and last traded at $6.85. 167 shares traded hands during trading, a decline of 98% from the average session volume of 7,349 shares. The stock had previously closed at $7.19.

Gray Television Stock Performance

The firm has a market capitalization of $675.74 million, a price-to-earnings ratio of 4.52 and a beta of 1.22. The firm’s 50-day moving average price is $7.21 and its two-hundred day moving average price is $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.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid 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 4.72%. Gray Television’s dividend payout ratio 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.