Reach (LON:RCH) Stock Price Down 3.2% - Here's What Happened

Key Points

• Reach plc's stock price fell by 3.2%, trading between GBX 69.50 and GBX 69.80, with a total of approximately 966,668 shares exchanged during mid-day trading.
• The company reported earnings per share (EPS) of GBX 10.70 for the last quarter, along with a return on equity of 6.35% and a net margin of 7.49%.
• Reach plc is recognized as the largest commercial news publisher in the UK and Ireland, owning over 120 trusted brands including major national titles like the Mirror and Express.

Reach plc (LON:RCH - Get Free Report)'s stock price was down 3.2% during mid-day trading on Monday . The company traded as low as GBX 69.50 ($0.94) and last traded at GBX 69.80 ($0.95). Approximately 966,668 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 944,628 shares. The stock had previously closed at GBX 72.10 ($0.98).

Reach Stock Down 3.2%

The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 8.27. The stock has a 50-day simple moving average of GBX 71.89 and a 200-day simple moving average of GBX 73.91. The firm has a market capitalization of £220.28 million, a PE ratio of 450.32, a P/E/G ratio of -0.37 and a beta of 1.01.

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

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.

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