Gray Television (NYSE:GTN.A) Stock Crosses Below 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Gray Television, Inc. (NYSE:GTN.A – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.10 and traded as low as $7.76. Gray Television shares last traded at $7.81, with a volume of 607 shares changing hands.

Gray Television Trading Up 1.3 %

The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.98. The business’s 50-day moving average is $7.57 and its two-hundred day moving average is $8.11. The firm has a market cap of $788.37 million, a P/E ratio of 113.00 and a beta of 1.32.

Gray Television (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. Gray Television had a net margin of 1.84% and a return on equity of 3.02%. The business had revenue of $826.00 million during the quarter.

Gray Television Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, September 13th. Gray Television’s dividend payout ratio is currently 457.14%.

Gray Television Company Profile

(Get Free Report)

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.

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