Reach (LON:RCH) Stock Price Down 0.8%

Reach plc (LON:RCH) fell 0.8% on Wednesday . The company traded as low as GBX 97.60 ($1.28) and last traded at GBX 98.90 ($1.29). 3,599,113 shares traded hands during trading, an increase of 327% from the average session volume of 841,932 shares. The stock had previously closed at GBX 99.70 ($1.30).

Reach Stock Performance

The business has a 50-day simple moving average of GBX 101.28 and a two-hundred day simple moving average of GBX 86.90. The stock has a market cap of £317.40 million, a price-to-earnings ratio of 767.69, a P/E/G ratio of -0.37 and a beta of 1.01. The company has a debt-to-equity ratio of 8.27, a current ratio of 0.75 and a quick ratio of 0.98.

Reach Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 2.88 ($0.04) per share. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 15th. Reach’s dividend payout ratio (DPR) is presently 5,384.62%.

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.