Angling Direct (LON:ANG) Trading Down 1.4% – Should You Sell?

Angling Direct PLC (LON:ANG)’s stock price traded down 1.4% during trading on Tuesday . The stock traded as low as GBX 49 and last traded at GBX 50. 43,116 shares changed hands during trading, a decline of 54% from the average session volume of 94,195 shares. The stock had previously closed at GBX 50.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 78 price objective on shares of Angling Direct in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Angling Direct currently has an average rating of “Buy” and a consensus target price of GBX 78.

Angling Direct Stock Performance

The company has a 50-day simple moving average of GBX 49.52 and a two-hundred day simple moving average of GBX 51.43. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61. The firm has a market capitalization of £36.28 million, a P/E ratio of 20.00 and a beta of 0.65.

Angling Direct (LON:ANG) last announced its earnings results on Tuesday, May 12th. The company reported GBX 2.81 earnings per share (EPS) for the quarter. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%.The firm had revenue of £103.90 million during the quarter. As a group, equities analysts forecast that Angling Direct PLC will post 1.9191919 EPS for the current year.

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.