Gray Television (NYSE:GTN.A) stock tops 50-day moving average of $16.49
Gray Television, Inc.’s (NYSE: GTN.A - Get Rating) stock price rose above its fifty-day moving average during Monday’s trading. The stock has a fifty-day moving average of $16.49 and is trading as low as $17.55. Gray Television shares last traded at $17.55, with volume trading at 1,414 shares.
Stock of gray televisions up 2.6%
The company has a market capitalization of $1.67 billion, a price-earnings ratio of 27.42 and a beta of 1.24. The company’s 50-day moving average price is $16.49 and its 200-day moving average price is $18.75. The company has a debt ratio of 3.74, a quick ratio of 2.80 and a current ratio of 2.80.
Gray Television (NYSE:GTN.A - Get Rating) last released its quarterly earnings data on Friday, May 6. The company reported EPS of $0.52 for the quarter. Gray Television achieved a net margin of 4.19% and a return on equity of 6.38%. The company had revenue of $827.00 million for the quarter.
Gray Television Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.08. The ex-dividend date was Tuesday, June 14. This represents a dividend of $0.32 on an annualized basis and a yield of 1.82%. Gray Television’s distribution rate is currently 50.00%.
Gray Television Company Profile
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Gray Television, Inc, a television broadcasting 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 carrying approximately 400 program streams, including approximately 150 channels affiliated with the CBS network, NBC network, ABC network and FOX network.
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