Gray Television (NYSE:GTN.A) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Gray Television, Inc. (NYSE:GTN.A)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.21 and traded as low as $6.20. Gray Television shares last traded at $6.62, with a volume of 3,755 shares traded.

Gray Television Stock Performance

The stock’s fifty day moving average price is $7.04 and its two-hundred day moving average price is $7.21. 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 cap of $672.21 million, a P/E ratio of 4.41 and a beta of 1.24.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.59 earnings per share for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company had revenue of $1.05 billion during the quarter.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, March 14th. Gray Television’s payout ratio is 9.61%.

Gray Television Company Profile

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.