Reach (LON:RCH) Shares Up 1% – Still a Buy?

Reach plc (LON:RCH) shares shot up 1% during trading on Tuesday . The company traded as high as GBX 78.60 ($1.02) and last traded at GBX 76.47 ($0.99). 3,123,349 shares traded hands during trading, an increase of 242% from the average session volume of 912,444 shares. The stock had previously closed at GBX 75.70 ($0.98).

Reach Trading Up 1.0 %

The firm’s fifty day moving average price is GBX 82.92 and its two-hundred day moving average price is GBX 88.07. The company has a debt-to-equity ratio of 8.27, a current ratio of 0.76 and a quick ratio of 0.98. The stock has a market cap of £241.30 million, a P/E ratio of 5.82, a PEG ratio of -0.37 and a beta of 1.01.

Reach (LON:RCH) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 25.30 ($0.33) EPS for the quarter. Reach had a net margin of 7.49% and a return on equity of 6.35%. As a group, equities research analysts forecast that Reach plc will post 27.2482394 EPS for the current year.

Reach Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be paid a GBX 4.46 ($0.06) dividend. This represents a dividend yield of 5.85%. This is an increase from Reach’s previous dividend of $2.88. The ex-dividend date of this dividend is Thursday, May 1st. Reach’s payout ratio is presently 53.29%.

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.