Gray Television, Inc. (NYSE:GTN.A – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.02 and last traded at $8.02, with a volume of 159 shares trading hands. The stock had previously closed at $8.14.
Analysts Set New Price Targets
Separately, TheStreet lowered shares of Gray Television from a "b-" rating to a "c" rating in a research note on Thursday, December 8th.
Get Gray Television alerts:Gray Television Trading Down 1.2 %
The firm has a market capitalization of $735.21 million, a PE ratio of 1.82 and a beta of 1.27. The company's 50-day simple moving average is $10.89 and its 200 day simple moving average is $11.94. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 3.04.
Gray Television Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Tuesday, March 14th. Gray Television's payout ratio is 7.37%.
About Gray Television
(Get Rating)
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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