Gray Television (NYSE:GTN.A) Sees Large Volume Increase – Here’s Why

Gray Television, Inc. (NYSE:GTN.A) saw unusually-strong trading volume on Tuesday . Approximately 8,282 shares were traded during trading, an increase of 13% from the previous session’s volume of 7,322 shares.The stock last traded at $7.19 and had previously closed at $7.14.

Gray Television Trading Up 1.8 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock’s 50 day moving average is $7.22 and its two-hundred day moving average is $7.89. The company has a market capitalization of $724.58 million, a PE ratio of 4.85 and a beta of 1.22.

Gray Television Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, December 13th. Gray Television’s payout ratio is currently 21.33%.

About Gray Television

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.