Reach (LON:RCH) Stock Price Up 1% – Should You Buy?

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

Reach Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 8.27. The firm’s 50-day moving average is GBX 82.94 and its 200-day moving average is GBX 87.92. The company has a market capitalization of £238.87 million, a PE ratio of 5.76, a price-to-earnings-growth ratio of -0.37 and a beta of 1.01.

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

Reach Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be issued a dividend of GBX 4.46 ($0.06) per share. The ex-dividend date is Thursday, May 1st. This is a boost from Reach’s previous dividend of $2.88. This represents a yield of 5.85%. Reach’s dividend payout ratio is currently 53.29%.

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.