Reach (LON:RCH) Shares Up 1.1% – Should You Buy?

Reach plc (LON:RCH) was up 1.1% on Wednesday . The stock traded as high as GBX 94.80 ($1.23) and last traded at GBX 93.50 ($1.21). Approximately 295,226 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 771,179 shares. The stock had previously closed at GBX 92.50 ($1.20).

Reach Trading Up 1.1 %

The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 8.27. The firm has a market capitalization of £294.69 million, a price-to-earnings ratio of 719.23, a P/E/G ratio of -0.37 and a beta of 1.01. The business has a 50-day moving average of GBX 97.70 and a two-hundred day moving average of GBX 91.62.

Reach Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 15th were issued a dividend of GBX 2.88 ($0.04) per share. This represents a dividend yield of 2.77%. The ex-dividend date was Thursday, August 15th. Reach’s payout ratio is presently 5,384.62%.

About Reach

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.