Gray Media (NYSE:GTN.A) Sets New 1-Year High – What’s Next?

Shares of Gray Media Inc. (NYSE:GTN.A) reached a new 52-week high on Tuesday . The company traded as high as $12.95 and last traded at $11.69, with a volume of 13530 shares changing hands. The stock had previously closed at $10.07.

Gray Media Price Performance

The company has a fifty day moving average of $10.24 and a 200-day moving average of $9.18. The firm has a market cap of $1.19 billion, a P/E ratio of 7.74 and a beta of 1.10. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87.

Gray Media (NYSE:GTN.A) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.42) EPS for the quarter. The company had revenue of $772.00 million during the quarter. Gray Media had a net margin of 5.64% and a return on equity of 10.31%.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 15th. Gray Media’s dividend payout ratio is presently 21.19%.

About Gray Media

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.