Reach (LON:RCH) Shares Up 0.7% – Time to Buy?

Reach plc (LON:RCH)’s share price rose 0.7% during trading on Monday . The company traded as high as GBX 54.80 and last traded at GBX 54.80. Approximately 309,584 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,167,836 shares. The stock had previously closed at GBX 54.40.

Reach Stock Up 2.2%

The stock has a market cap of £173.85 million, a price-to-earnings ratio of 3.55, a PEG ratio of -0.37 and a beta of 1.01. The business’s 50 day moving average is GBX 55.96 and its 200-day moving average is GBX 64.78. The company has a debt-to-equity ratio of 8.27, a quick ratio of 0.98 and a current ratio of 0.76.

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. It’s proudly mainstream and each trusted title is a platform to represent and campaign for the voices of the communities they serve and to hold power to account.

Reach is transforming how it delivers value to stakeholders, evolving and growing a digitally-focused business while maintaining strong foundations in print.