Reach (LON:RCH) Trading 6.3% Higher

Shares of Reach plc (LON:RCH) traded up 6.3% on Wednesday . The company traded as high as GBX 85 ($1.07) and last traded at GBX 85 ($1.07). 962,899 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 779,695 shares. The stock had previously closed at GBX 80 ($1.01).

Reach Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.86 and a debt-to-equity ratio of 9.92. The business has a 50 day simple moving average of GBX 73.10 and a two-hundred day simple moving average of GBX 71.11. The firm has a market cap of £270.28 million, a PE ratio of 1,214.29, a price-to-earnings-growth ratio of -0.37 and a beta of 0.94.

Reach Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be paid a GBX 4.46 ($0.06) dividend. This is a positive change from Reach’s previous dividend of $2.88. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 7.5%. Reach’s dividend payout ratio (DPR) is presently 10,000.00%.

Reach Company Profile

Reach plc operates as a national and regional commercial 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, DevonLive, YorkshireLive, football.london, BirminghamLive, new, BristolLive, and Belfastlive.