Angling Direct (LON:ANG) Trading Down 1.4% – Should You Sell?

Angling Direct PLC (LON:ANG)’s stock price was down 1.4% during mid-day trading on Tuesday . The stock traded as low as GBX 49 and last traded at GBX 50. Approximately 43,116 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 94,195 shares. The stock had previously closed at GBX 50.70.

Analysts Set New Price Targets

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

Angling Direct Trading Down 1.4%

The firm’s 50-day simple moving average is GBX 49.52 and its 200-day simple moving average is GBX 51.43. 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 firm has a market capitalization of £36.28 million, a PE ratio of 20.00 and a beta of 0.65.

Angling Direct (LON:ANG) last posted 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 business had revenue of £103.90 million during the quarter. Equities analysts expect that Angling Direct PLC will post 1.9191919 earnings per share 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.