Angling Direct (LON:ANG) Releases Earnings Results

Angling Direct (LON:ANG) posted its quarterly earnings data on Tuesday. The company reported GBX 3.20 earnings per share 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 Trading Down 1.4%

Shares of LON ANG traded down GBX 0.74 during trading on Wednesday, reaching GBX 53.76. The company had a trading volume of 36,994 shares, compared to its average volume of 119,549. The company’s fifty 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. The stock has a market cap of £36.67 million, a P/E ratio of 19.34 and a beta of 0.61. Angling Direct has a 12 month low of GBX 45.50 and a 12 month high of GBX 56.

Analysts Set New Price Targets

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

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.