Gray Television (NYSE:GTN.A) Sees Unusually-High Trading Volume

Shares of Gray Television, Inc. (NYSE:GTN.A) saw unusually-strong trading volume on Thursday . Approximately 23,690 shares changed hands 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 cut Gray Television from a “c-” rating to a “d+” rating in a report on Tuesday, March 12th.

Gray Television Price Performance

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

Gray Television (NYSE:GTN.A) last released 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). Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%. The company had revenue of $864.00 million during the quarter.

Gray Television Announces Dividend

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

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.