Angling Direct (LON:ANG) Shares Down 3.1% – Here’s Why

Angling Direct PLC (LON:ANG) shares traded down 3.1% during mid-day trading on Tuesday . The stock traded as low as GBX 52 and last traded at GBX 53.30. 240,199 shares changed hands during mid-day trading, an increase of 423% from the average session volume of 45,891 shares. The stock had previously closed at GBX 55.

Angling Direct Price Performance

The stock has a market capitalization of £38.92 million, a PE ratio of 21.32 and a beta of 1.43. The firm’s 50 day simple moving average is GBX 53.39 and its 200 day simple moving average is GBX 52.15. The company has a debt-to-equity ratio of 30.74, a current ratio of 2.43 and a quick ratio of 1.50.

Angling Direct Company Profile

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.