Insider Buying: Reach (LON:RCH) Insider Acquires £82,000 in Stock

Reach plc (LON:RCH) insider Clive Whiley purchased 200,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were bought at an average cost of GBX 41 per share, with a total value of £82,000.

Reach Stock Up 2.4%

Shares of LON:RCH opened at GBX 42.50 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.54 and a debt-to-equity ratio of 16.99. Reach plc has a 52-week low of GBX 39 and a 52-week high of GBX 73.70. The stock’s fifty day simple moving average is GBX 43.74 and its 200-day simple moving average is GBX 52.34. The company has a market capitalization of £133.96 million, a P/E ratio of -0.75, a P/E/G ratio of -0.37 and a beta of 1.32.

Reach (LON:RCH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported GBX 11.10 earnings per share (EPS) for the quarter. Reach had a negative net margin of 36.18% and a negative return on equity of 36.14%. As a group, equities research analysts forecast that Reach plc will post 27.2482394 earnings per share for the current fiscal year.

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. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.