Gray Television (NYSE:GTN.A) Sees Large Volume Increase

Shares of Gray Television, Inc. (NYSE:GTN.A) saw an uptick in trading volume on Thursday . 23,690 shares were traded during trading, an increase of 968% from the previous session’s volume of 2,218 shares.The stock last traded at $8.60 and had previously closed at $8.19.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Gray Television from a “c-” rating to a “d+” rating in a report on Tuesday, March 12th.

Gray Television Stock Up 5.0 %

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.12. The firm has a 50 day simple moving average of $7.28 and a 200 day simple moving average of $8.06.

Gray Television (NYSE:GTN.A) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The firm had revenue of $864.00 million during the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, March 14th. Gray Television’s dividend payout ratio (DPR) is currently -23.02%.

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.