Reach (LON:RCH) Stock Price Up 1.6% – Time to Buy?

Shares of Reach plc (LON:RCH) shot up 1.6% on Monday . The stock traded as high as GBX 87.60 ($1.08) and last traded at GBX 86.90 ($1.07). 189,973 shares changed hands during trading, a decline of 72% from the average session volume of 672,616 shares. The stock had previously closed at GBX 85.50 ($1.06).

Reach Stock Performance

The firm has a 50 day moving average of GBX 83.77 and a two-hundred day moving average of GBX 92.38. The company has a debt-to-equity ratio of 8.27, a current ratio of 0.75 and a quick ratio of 0.98. The stock has a market cap of £273.89 million, a PE ratio of 668.46, a PEG ratio of -0.37 and a beta of 1.01.

Insider Transactions at Reach

In other Reach news, insider Jim Mullen sold 48,534 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 89 ($1.10), for a total transaction of £43,195.26 ($53,380.20). Insiders own 5.21% of the company’s stock.

Reach Company Profile

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day.