Gray Television (NYSE:GTN.A) Shares Gap Up to $7.00

Gray Television, Inc. (NYSE:GTN.A) shares gapped up before the market opened on Friday . The stock had previously closed at $7.00, but opened at $7.16. Gray Television shares last traded at $7.16, with a volume of 105 shares.

Gray Television Price Performance

The stock has a market capitalization of $762.37 million, a PE ratio of -59.67 and a beta of 1.33. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.99. The firm’s 50-day moving average price is $8.78 and its 200-day moving average price is $8.08.

Gray Television Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Friday, September 13th. Gray Television’s dividend payout ratio is currently -266.67%.

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.