Reach (LON:RCH) Announces Earnings Results

Reach (LON:RCH) posted its earnings results on Tuesday. The company reported GBX 25.30 ($0.32) EPS for the quarter, Digital Look Earnings reports. Reach had a net margin of 7.49% and a return on equity of 6.35%.

Reach Trading Up 1.3 %

LON:RCH opened at GBX 87.70 ($1.11) on Tuesday. The firm has a 50 day moving average of GBX 83.30 and a 200 day moving average of GBX 90.44. The stock has a market capitalization of £276.74 million, a price-to-earnings ratio of 6.68, a PEG ratio of -0.37 and a beta of 1.01. Reach has a 52 week low of GBX 61.56 ($0.78) and a 52 week high of GBX 112.80 ($1.43). The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 8.27.

Insiders Place Their Bets

In other Reach news, insider Jim Mullen sold 48,534 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 89 ($1.13), for a total value of £43,195.26 ($54,892.95). 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.