Angling Direct (LON:ANG) Shares Up 2.7% – Here’s Why

Angling Direct PLC (LON:ANG) shares shot up 2.7% on Wednesday . The stock traded as high as GBX 55 and last traded at GBX 54.97. 59,968 shares traded hands during trading, a decline of 55% from the average daily volume of 132,952 shares. The stock had previously closed at GBX 53.50.

Analyst Ratings Changes

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

Angling Direct Stock Performance

The company has a market cap of £38.75 million, a P/E ratio of 19.77 and a beta of 0.65. The firm has a 50 day moving average price of GBX 49.51 and a 200-day moving average price of GBX 49.94. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61.

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.