Gray Television (NYSE:GTN.A) Sees Strong Trading Volume

Gray Television, Inc. (NYSE:GTN.A) shares saw an uptick in trading volume on Thursday . 23,690 shares traded 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.

Analysts Set New Price Targets

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

Gray Television Stock Up 2.3 %

The company has a 50 day simple moving average of $7.32 and a 200 day simple moving average of $8.07. 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 posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The company had revenue of $864.00 million for the quarter. Gray Television had a negative net margin of 2.32% and a negative return on equity of 3.76%.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, March 14th. Gray Television’s dividend payout ratio (DPR) is -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.