Gray Television (NYSE:GTN.A) Stock Price Down 14%

Gray Television, Inc. (NYSE:GTN.A)’s stock price dropped 14% on Friday . The company traded as low as $6.15 and last traded at $6.15. Approximately 826 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 2,050 shares. The stock had previously closed at $7.15.

Analyst Upgrades and Downgrades

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

Gray Television Stock Down 3.3 %

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $578.34 million, a PE ratio of -4.42 and a beta of 1.30. The company has a 50 day moving average price of $7.30 and a 200-day moving average price of $8.03.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share 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 firm 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. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Thursday, March 14th. Gray Television’s dividend payout ratio is -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.