Gray Television, Inc. (NYSE:GTN.A - Get Free Report) shares rose 7.3% during trading on Tuesday. The stock traded as high as $9.70 and was last seen at $9.70. About 375 shares changed hands during midday trading, a decline of 84% from the average daily volume of 2,291 shares. The stock had previously closed at $9.04.
Wall Street analysts predict growth
Separately, TheStreet downgraded Gray Television’s rating from “c-” to “d+” in a research note on Tuesday, March 12th.
Check out our latest research report on grey television
Price development of Gray Television shares
The company’s 50 day moving average is $8.33 and its 200 day moving average is $8.09. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.42 and a quick ratio of 1.42.
Gray Television (NYSE:GTN.A - Get Free Report) last released its earnings results on Tuesday, May 7. The company reported $0.79 earnings per share for the quarter. The company had revenue of $823.00 million for the quarter. Gray Television had a net margin of 1.30% and a return on equity of 2.13%.
Gray Television announces dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.08. The ex-dividend date of this dividend was Friday, June 14th. This represents an annualized dividend of $0.32 and a dividend yield of 3.34%. Gray Television’s dividend payout ratio is currently -266.67%.
Gray Television Company Profile
(Get free report)
Gray Television, Inc., a television 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 that broadcast approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network and the FOX Network.
Selected items
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