Angling Direct (LON:ANG) Stock Price Up 2.7% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Angling Direct Stock Performance

The firm’s fifty day moving average is GBX 49.61 and its 200 day moving average is GBX 49.97. The firm has a market capitalization of £38.45 million, a price-to-earnings ratio of 19.62 and a beta of 0.65. The company has a debt-to-equity ratio of 31.21, a current ratio of 2.61 and a quick ratio of 1.50.

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.