Angling Direct (LON:ANG) Posts Quarterly Earnings Results

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

Angling Direct Price Performance

Angling Direct stock opened at GBX 54.50 on Wednesday. The firm has a market cap of £37.18 million, a price-to-earnings ratio of 19.60 and a beta of 0.61. Angling Direct has a 52 week low of GBX 45.50 and a 52 week high of GBX 56. The business’s 50-day moving average price is GBX 51.80 and its 200 day moving average price is GBX 50.27. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on shares of Angling Direct from GBX 78 to GBX 54 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.