Reach (LON:RCH) Insider Acquires 200,000 Shares

Reach plc (LON:RCH) insider Clive Whiley bought 200,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of GBX 41 per share, for a total transaction of £82,000.

Reach Stock Up 4.7%

Reach stock traded up GBX 1.89 during trading hours on Monday, reaching GBX 42.19. The stock had a trading volume of 3,704,601 shares, compared to its average volume of 2,090,385. Reach plc has a 52 week low of GBX 39 and a 52 week high of GBX 73.70. The business’s 50 day moving average price is GBX 44.79 and its 200-day moving average price is GBX 52.71. The company has a debt-to-equity ratio of 16.99, a current ratio of 0.54 and a quick ratio of 0.98. The company has a market cap of £132.98 million, a price-to-earnings ratio of -0.74, a PEG ratio of -0.37 and a beta of 1.32.

Reach (LON:RCH) last announced its earnings results on Wednesday, July 22nd. The company reported GBX 11.10 earnings per share (EPS) for the quarter. Reach had a negative return on equity of 36.14% and a negative net margin of 36.18%. Sell-side analysts anticipate 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. 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.