Angling Direct (LON:ANG) Trading Down 2.3% – Here’s Why

Angling Direct PLC (LON:ANG) fell 2.3% during mid-day trading on Monday . The company traded as low as GBX 36.15 ($0.47) and last traded at GBX 36.15 ($0.47). 144,253 shares were traded during mid-day trading, a decline of 8% from the average session volume of 157,265 shares. The stock had previously closed at GBX 37 ($0.48).

Angling Direct Stock Down 2.6 %

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 has a 50 day simple moving average of GBX 38.61 and a 200 day simple moving average of GBX 37.86. The company has a market capitalization of £28.01 million, a price-to-earnings ratio of 17.58 and a beta of 1.43.

Insider Activity at Angling Direct

In related news, insider Martyn Graham Page sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of GBX 38 ($0.49), for a total transaction of £152,000 ($197,376.96). 22.19% of the stock is currently owned by company insiders.

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.