Reach (LON:RCH) Trading Up 1% – Here’s Why

Reach plc (LON:RCH) was up 1% during mid-day trading on Tuesday . The stock traded as high as GBX 78.60 ($1.02) and last traded at GBX 76.47 ($0.99). Approximately 3,123,349 shares were traded during trading, an increase of 242% from the average daily volume of 912,444 shares. The stock had previously closed at GBX 75.70 ($0.98).

Reach Trading Up 1.0 %

The company has a debt-to-equity ratio of 8.27, a current ratio of 0.76 and a quick ratio of 0.98. The stock’s 50 day moving average is GBX 82.92 and its 200-day moving average is GBX 88.07. The company has a market capitalization of £241.30 million, a P/E ratio of 5.82, a P/E/G ratio of -0.37 and a beta of 1.01.

Reach (LON:RCH) last announced its earnings results on Tuesday, March 4th. The company reported GBX 25.30 ($0.33) earnings per share (EPS) for the quarter. Reach had a return on equity of 6.35% and a net margin of 7.49%. As a group, equities research analysts anticipate that Reach plc will post 27.2482394 earnings per share for the current year.

Reach Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 4.46 ($0.06) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 5.85%. This is a positive change from Reach’s previous dividend of $2.88. Reach’s dividend payout ratio (DPR) is currently 53.29%.

About Reach

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.