Angling Direct (LON:ANG) Trading 1.7% Higher – Here’s Why

Angling Direct PLC (LON:ANG) was up 1.7% on Tuesday . The company traded as high as GBX 47.98 and last traded at GBX 47.98. Approximately 4,867 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 85,500 shares. The stock had previously closed at GBX 47.19.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 78 target price on shares of Angling Direct in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 78.

Angling Direct Price Performance

The firm has a market cap of £34.81 million, a price-to-earnings ratio of 17.26 and a beta of 0.64. The company’s fifty day moving average is GBX 49.42 and its 200 day moving average is GBX 50.48. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21.

Angling Direct (LON:ANG) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 2.81 earnings per share (EPS) for the quarter. Angling Direct had a net margin of 1.99% and a return on equity of 5.06%. The firm had revenue of £103.90 million for the quarter. On average, equities research analysts predict that Angling Direct PLC will post 1.9191919 EPS for the current year.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.