Shares of Gray Television, Inc. (NYSE:GTN.A – Get Rating) were up 4.1% during mid-day trading on Friday . The stock traded as high as $12.11 and last traded at $11.74. Approximately 776 shares changed hands during trading, a decline of 58% from the average daily volume of 1,860 shares. The stock had previously closed at $11.28.
Analysts Set New Price Targets
Separately, TheStreet downgraded shares of Gray Television from a "b-" rating to a "c" rating in a report on Thursday, December 8th.
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The firm's 50-day moving average price is $11.45 and its 200 day moving average price is $13.08. The company has a debt-to-equity ratio of 3.41, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 2.53 and a beta of 1.27.
Gray Television Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Gray Television (GTN.A)
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