Reach (LON:RCH) Shares Down 0.4%

Reach plc (LON:RCH)’s stock price was down 0.4% during trading on Tuesday . The company traded as low as GBX 75.60 ($0.96) and last traded at GBX 76.20 ($0.96). Approximately 464,048 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 774,916 shares. The stock had previously closed at GBX 76.50 ($0.97).

Reach Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.98 and a debt-to-equity ratio of 9.92. The company has a market cap of £242.30 million, a P/E ratio of 1,088.57, a PEG ratio of -0.37 and a beta of 0.92. The business’s fifty day moving average is GBX 66.30 and its 200 day moving average is GBX 72.20.

Reach Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be issued a GBX 4.46 ($0.06) dividend. This represents a dividend yield of 7.5%. The ex-dividend date is Thursday, May 9th. This is a boost from Reach’s previous dividend of $2.88. Reach’s payout ratio is 10,000.00%.

About Reach

Reach plc operates as a national and regional news publisher in the United Kingdom and Ireland. The company has various national and regional brands across print and online, including Mirror, Express, Daily Star, Daily Record, Manchester Evening News, Liverpool Echo, Irish Star, OK! magazine, WalesOnline, MyLondon, and Curiously, as well as HullLive, edinburghlive, LeicestershireLive, CorkBeo, ChronicleLive, ECHO, TeessideLive, AberdeenLive, Devon Live, YorkshireLive, football.london, BirminghamLive, new, BristolLive, and Belfastlive.