Reach (LON:RCH) Shares Up 2.5% - Here's Why

Key Points

• Reach plc shares increased by 2.5% during mid-day trading, reaching as high as GBX 68 ($0.91) with a trading volume up 851% compared to the average daily volume.
• The company reported earnings of GBX 10.70 per share, with a net margin of 7.49% and a return on equity of 6.35% for the fiscal quarter ending July 24th.
• Reach plc is the UK's and Ireland's largest commercial news publisher, operating over 120 trusted brands including national titles like the Mirror and Daily Star.

Reach plc (LON:RCH - Get Free Report) shares were up 2.5% during mid-day trading on Tuesday . The company traded as high as GBX 68 ($0.91) and last traded at GBX 66.50 ($0.89). Approximately 10,259,256 shares were traded during mid-day trading, an increase of 851% from the average daily volume of 1,079,350 shares. The stock had previously closed at GBX 64.90 ($0.87).

Reach Stock Up 2.5%

The stock has a market capitalization of £209.87 million, a P/E ratio of 429.03, a P/E/G ratio of -0.37 and a beta of 1.01. The stock's 50 day simple moving average is GBX 69.30 and its 200 day simple moving average is GBX 72.12. The company has a current ratio of 0.76, a quick ratio of 0.98 and a debt-to-equity ratio of 8.27.

Reach (LON:RCH - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported GBX 10.70 earnings per share for the quarter. Reach had a net margin of 7.49% and a return on equity of 6.35%. As a group, research analysts predict that Reach plc will post 27.2482394 EPS for the current fiscal year.

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.

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