Reach (LON:RCH) Trading Up 2.5% – What’s Next?

Shares of Reach plc (LON:RCH) rose 2.5% on Thursday . The company traded as high as GBX 87.30 ($1.10) and last traded at GBX 86.70 ($1.09). Approximately 131,417 shares changed hands during trading, a decline of 82% from the average daily volume of 715,161 shares. The stock had previously closed at GBX 84.60 ($1.06).

Reach Trading Down 3.0 %

The company has a debt-to-equity ratio of 8.27, a quick ratio of 0.98 and a current ratio of 0.75. The stock has a 50-day moving average of GBX 90.03 and a two-hundred day moving average of GBX 95.48. The company has a market cap of £265.07 million, a P/E ratio of 646.92, a price-to-earnings-growth ratio of -0.37 and a beta of 1.01.

Insider Activity

In other news, insider Jim Mullen sold 48,534 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 89 ($1.12), for a total transaction of £43,195.26 ($54,354.17). Corporate 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.