Reach (LON:RCH) Trading 7.4% Higher – What’s Next?

Reach plc (LON:RCH) shares rose 7.4% during mid-day trading on Tuesday . The stock traded as high as GBX 59 and last traded at GBX 58.20. Approximately 1,728,183 shares changed hands during mid-day trading, an increase of 105% from the average daily volume of 845,039 shares. The stock had previously closed at GBX 54.20.

Reach Trading Up 7.4%

The firm has a market capitalization of £183.63 million, a price-to-earnings ratio of 3.75, a price-to-earnings-growth ratio of -0.37 and a beta of 1.01. The firm’s 50 day moving average is GBX 55.25 and its 200 day moving average is GBX 63.14. The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 8.27.

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. 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.