Angling Direct (LON:ANG) Trading 1.7% Higher – What’s Next?

Angling Direct PLC (LON:ANG)’s stock price traded up 1.7% during trading on Tuesday . The company traded as high as GBX 47.98 and last traded at GBX 47.98. 4,867 shares changed hands during trading, a decline of 94% from the average session volume of 85,500 shares. The stock had previously closed at GBX 47.19.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 78 price target on shares of Angling Direct in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 78.

Angling Direct Price Performance

The company has a debt-to-equity ratio of 31.21, a current ratio of 2.61 and a quick ratio of 1.50. The company has a market capitalization of £34.31 million, a PE ratio of 17.01 and a beta of 0.64. The firm has a 50-day moving average of GBX 49.36 and a 200 day moving average of GBX 50.42.

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

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.