Reach (LON:RCH) Shares Up 2.5% – Time to Buy?

Reach plc (LON:RCH) shares were up 2.5% during mid-day trading on Thursday . The stock traded as high as GBX 87.30 ($1.10) and last traded at GBX 86.70 ($1.09). Approximately 131,417 shares were traded during trading, a decline of 82% from the average daily volume of 715,161 shares. The stock had previously closed at GBX 84.60 ($1.06).

Reach Stock Performance

The company has a market cap of £265.07 million, a P/E ratio of 646.92, a P/E/G ratio of -0.37 and a beta of 1.01. The business has a fifty day moving average of GBX 90.03 and a 200 day moving average of GBX 95.48. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 8.27.

Insiders Place Their Bets

In other Reach news, insider Jim Mullen sold 48,534 shares of Reach stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of GBX 89 ($1.12), for a total transaction of £43,195.26 ($54,354.17). Company insiders own 5.21% of the company’s stock.

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.