Reach (LON:RCH) Stock Price Down 8.9%

Reach plc (LON:RCH)’s share price fell 8.9% during mid-day trading on Thursday . The company traded as low as GBX 76.40 ($0.96) and last traded at GBX 77.40 ($0.97). 1,185,507 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 738,026 shares. The stock had previously closed at GBX 85 ($1.07).

Reach Stock Down 8.9 %

The firm has a market cap of £246.12 million, a PE ratio of 1,146.21, a PEG ratio of -0.37 and a beta of 0.94. The company has a debt-to-equity ratio of 9.92, a quick ratio of 0.98 and a current ratio of 0.86. The company’s 50-day simple moving average is GBX 73.10 and its two-hundred day simple moving average is GBX 71.11.

Reach Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 7.5%. This is a boost from Reach’s previous dividend of $2.88. Reach’s dividend payout ratio 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.