Reach (LON:RCH) Stock Price Down 3.4%

Reach plc (LON:RCH) dropped 3.4% during mid-day trading on Tuesday . The company traded as low as GBX 68.50 ($0.85) and last traded at GBX 68.90 ($0.86). Approximately 629,886 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 716,089 shares. The stock had previously closed at GBX 71.30 ($0.89).

Reach Stock Performance

The firm has a 50 day moving average of GBX 69.65 and a 200-day moving average of GBX 71.63. The company has a market cap of £219.09 million, a P/E ratio of 984.29, a PEG ratio of -0.37 and a beta of 0.92. The company has a quick ratio of 0.98, a current ratio of 0.86 and a debt-to-equity ratio of 9.92.

Reach Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 4.46 ($0.06) per share. This is an increase from Reach’s previous dividend of $2.88. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 7.5%. Reach’s dividend payout ratio is presently 10,000.00%.

About Reach

Reach plc operates as a national and regional commercial news publisher in the United Kingdom and Ireland. The company has various national and regional brands across print and online, including Mirror, Express, Daily Star, Daily Record, Manchester Evening News, Liverpool Echo, Irish Star, OK! magazine, WalesOnline, MyLondon, and Curiously, as well as HullLive, edinburghlive, LeicestershireLive, CorkBeo, ChronicleLive, ECHO, TeessideLive, DevonLive, YorkshireLive, football.london, BirminghamLive, new, BristolLive, and Belfastlive.