Angling Direct (LON:ANG) Shares Down 1.8% – Should You Sell?

Angling Direct PLC (LON:ANG) shares fell 1.8% during mid-day trading on Wednesday. The company traded as low as GBX 53.03 and last traded at GBX 53.03. Approximately 4,426 shares were traded during mid-day trading, a decline of 96% from the average session volume of 123,373 shares. The stock had previously closed at GBX 54.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 78 price objective on shares of Angling Direct in a report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 78.

Angling Direct Trading Down 1.8%

The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21. The stock has a market capitalization of £37.38 million, a PE ratio of 19.08 and a beta of 0.65. The business’s 50-day moving average is GBX 50.79 and its two-hundred day moving average is GBX 50.11.

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.