Reach (LON:RCH) Trading 6.3% Higher

Reach plc (LON:RCH) shot up 6.3% on Wednesday . The stock traded as high as GBX 85 ($1.07) and last traded at GBX 85 ($1.07). 962,899 shares were traded during mid-day trading, an increase of 23% from the average session volume of 779,695 shares. The stock had previously closed at GBX 80 ($1.01).

Reach Stock Up 6.3 %

The stock has a market capitalization of £270.28 million, a PE ratio of 1,214.29, a P/E/G ratio of -0.37 and a beta of 0.94. The firm has a 50 day moving average of GBX 73.10 and a two-hundred day moving average of GBX 71.11. The company has a current ratio of 0.86, a quick ratio of 0.98 and a debt-to-equity ratio of 9.92.

Reach Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 4.46 ($0.06) per share. This is an increase from Reach’s previous dividend of $2.88. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 7.5%. Reach’s dividend payout ratio (DPR) is presently 10,000.00%.

Reach Company Profile

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.