Angling Direct (LON:ANG) Releases Earnings Results

Angling Direct (LON:ANG) announced its quarterly earnings results on Tuesday. The company reported GBX 3.20 EPS for the quarter, Digital Look Earnings reports. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%.

Angling Direct Stock Down 1.4%

Shares of ANG stock traded down GBX 0.74 on Wednesday, hitting GBX 53.76. 36,994 shares of the stock were exchanged, compared to its average volume of 119,549. The company has a current ratio of 2.61, a quick ratio of 1.50 and a debt-to-equity ratio of 31.21. The firm has a market capitalization of £36.67 million, a P/E ratio of 19.34 and a beta of 0.61. Angling Direct has a fifty-two week low of GBX 45.50 and a fifty-two week high of GBX 56. The business has a 50-day moving average of GBX 51.80 and a 200 day moving average of GBX 50.27.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price objective on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Angling Direct presently has a consensus rating of “Buy” and a consensus target price of GBX 54.

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. 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.