Angling Direct (LON:ANG) Issues Earnings Results

Angling Direct (LON:ANG) released its earnings results on Tuesday. The company reported GBX 3.20 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 Stock Performance

Shares of LON ANG opened at GBX 54.50 on Wednesday. Angling Direct has a 12-month low of GBX 45.50 and a 12-month high of GBX 56. The company has a market cap of £37.18 million, a price-to-earnings ratio of 19.60 and a beta of 0.61. 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 stock’s 50 day simple moving average is GBX 51.80 and its 200 day simple moving average is GBX 50.27.

Analyst Upgrades and Downgrades

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