Angling Direct (LON:ANG) Shares Down 1.9% – Here’s What Happened

Angling Direct PLC (LON:ANG)’s share price traded down 1.9% during trading on Wednesday . The company traded as low as GBX 39 ($0.48) and last traded at GBX 39.25 ($0.48). 46,500 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 118,337 shares. The stock had previously closed at GBX 40 ($0.49).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 57 ($0.70) price target on shares of Angling Direct in a report on Tuesday, October 8th.

Angling Direct Stock Down 1.9 %

The company has a debt-to-equity ratio of 32.63, a current ratio of 2.61 and a quick ratio of 1.50. The business’s 50 day moving average price is GBX 38.23 and its 200 day moving average price is GBX 37.18. The firm has a market cap of £30.33 million, a PE ratio of 1,962.45 and a beta of 1.43.

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.