Reach plc (LON:RCH) Insider Sells £57,200.92 in Stock

Reach plc (LON:RCH) insider Darren Fisher sold 84,119 shares of Reach stock in a transaction on Thursday, April 10th. The shares were sold at an average price of GBX 68 ($0.90), for a total value of £57,200.92 ($75,423.15).

Reach Stock Up 5.4 %

Shares of Reach stock opened at GBX 72.80 ($0.96) on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.98 and a debt-to-equity ratio of 8.27. Reach plc has a 1 year low of GBX 63.10 ($0.83) and a 1 year high of GBX 112.80 ($1.49). The stock has a 50-day moving average price of GBX 78.57 and a 200 day moving average price of GBX 84.89. The company has a market cap of £229.72 million, a P/E ratio of 5.54, a P/E/G ratio of -0.37 and a beta of 1.01.

Reach (LON:RCH) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 25.30 ($0.33) earnings per share (EPS) for the quarter. Reach had a net margin of 7.49% and a return on equity of 6.35%. As a group, analysts expect that Reach plc will post 27.2482394 EPS for the current fiscal year.

Reach Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 4.46 ($0.06) per share. This is a boost from Reach’s previous dividend of $2.88. This represents a dividend yield of 5.85%. The ex-dividend date is Thursday, May 1st. Reach’s payout ratio is currently 53.29%.

Reach Company Profile

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.