Reach (LON:RCH) Trading 8.7% Higher – Time to Buy?

Shares of Reach plc (LON:RCH) were up 8.7% on Wednesday . The stock traded as high as GBX 71.80 and last traded at GBX 71. Approximately 4,214,935 shares changed hands during trading, an increase of 139% from the average daily volume of 1,761,211 shares. The stock had previously closed at GBX 65.30.

Reach Trading Up 0.5%

The firm has a market cap of £228.24 million, a price-to-earnings ratio of 4.67, a price-to-earnings-growth ratio of -0.37 and a beta of 1.01. The business’s 50 day moving average price is GBX 58.22 and its 200-day moving average price is GBX 62.04. The company has a debt-to-equity ratio of 8.27, a quick ratio of 0.98 and a current ratio of 0.76.

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.