Reach (LON:RCH) Trading 21.7% Higher – Time to Buy?

Reach plc (LON:RCH)’s stock price traded up 21.7% during mid-day trading on Monday . The company traded as high as GBX 88 ($1.07) and last traded at GBX 87.62 ($1.07). 5,294,815 shares traded hands during mid-day trading, an increase of 395% from the average session volume of 1,069,693 shares. The stock had previously closed at GBX 72 ($0.88).

Reach Price Performance

The company has a market capitalization of £276.16 million, a price-to-earnings ratio of 674.00, a PEG ratio of -0.37 and a beta of 1.01. The company has a current ratio of 0.75, a quick ratio of 0.98 and a debt-to-equity ratio of 8.27. The company’s 50 day simple moving average is GBX 84.95 and its 200-day simple moving average is GBX 93.97.

Insider Activity at Reach

In other news, insider Jim Mullen sold 48,534 shares of Reach stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 89 ($1.08), for a total value of £43,195.26 ($52,536.20). Insiders own 5.21% of the company’s stock.

Reach Company Profile

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.