Reach (LON:RCH) Stock Price Up 21.7% – What’s Next?

Reach plc (LON:RCH)’s stock price rose 21.7% during mid-day trading on Monday . The company traded as high as GBX 88 ($1.08) and last traded at GBX 87.62 ($1.08). Approximately 5,294,815 shares changed hands during mid-day trading, an increase of 395% from the average daily volume of 1,069,693 shares. The stock had previously closed at GBX 72 ($0.89).

Reach Price Performance

The company has a 50-day moving average of GBX 84.62 and a 200 day moving average of GBX 93.76. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 8.27. The stock has a market capitalization of £267.27 million, a PE ratio of 652.31, a PEG ratio of -0.37 and a beta of 1.01.

Insider Transactions at Reach

In other news, insider Jim Mullen sold 48,534 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of GBX 89 ($1.10), for a total transaction of £43,195.26 ($53,255.16). Insiders own 5.21% of the company’s stock.

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.