Gray Television (NYSE:GTN.A) Shares Gap Up – Still a Buy?

Gray Television, Inc. (NYSE:GTN.A)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $7.11, but opened at $7.29. Gray Television shares last traded at $7.29, with a volume of 930 shares trading hands.

Gray Television Stock Up 2.5 %

The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $7.85. The firm has a market cap of $726.57 million, a price-to-earnings ratio of 4.86 and a beta of 1.22.

Gray Television Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 4.39%. Gray Television’s payout ratio is 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.