Shares of Gray Television, Inc. (NYSE:GTN.A – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $5.90 and last traded at $5.90, with a volume of 104 shares trading hands. The stock had previously closed at $5.95.
Wall Street Analyst Weigh In
Separately, TheStreet cut shares of Gray Television from a “c-” rating to a “d+” rating in a research note on Tuesday, March 12th.
Read Our Latest Stock Report on GTN.A
Gray Television Stock Up 3.9 %
Gray Television (NYSE:GTN.A – Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The business 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Thursday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently -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.
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