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

Shares of Gray Television, Inc. (NYSE:GTN.A) gapped up before the market opened on Friday . The stock had previously closed at $8.00, but opened at $8.16. Gray Television shares last traded at $7.86, with a volume of 340 shares changing hands.

Gray Television Stock Down 2.9 %

The company’s 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $7.19. The firm has a market capitalization of $788.58 million, a P/E ratio of 5.18 and a beta of 1.24. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13.

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

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.12%. Gray Television’s payout ratio is currently 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.