Reach (LON:RCH) Shares Down 3.4%

Reach plc (LON:RCH) dropped 3.4% during mid-day trading on Tuesday . The stock traded as low as GBX 68.50 ($0.85) and last traded at GBX 68.90 ($0.86). Approximately 629,886 shares traded hands during trading, a decline of 12% from the average daily volume of 716,089 shares. The stock had previously closed at GBX 71.30 ($0.89).

Reach Price Performance

The firm’s 50-day moving average is GBX 69.80 and its 200-day moving average is GBX 71.61. The company has a debt-to-equity ratio of 9.92, a current ratio of 0.86 and a quick ratio of 0.98. The company has a market capitalization of £222.59 million, a P/E ratio of 1,000.00, a price-to-earnings-growth ratio of -0.37 and a beta of 0.92.

Reach Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be given a dividend of GBX 4.46 ($0.06) per share. This represents a yield of 7.5%. This is a positive change from Reach’s previous dividend of $2.88. The ex-dividend date is Thursday, May 9th. Reach’s payout ratio is 10,000.00%.

About Reach

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.