Angling Direct (LON:ANG) Posts Earnings Results

Angling Direct (LON:ANG) announced its quarterly earnings data on Tuesday. The company reported GBX 2.81 EPS for the quarter, Digital Look Earnings reports. Angling Direct had a net margin of 1.86% and a return on equity of 4.60%. The business had revenue of £103.90 million during the quarter.

Angling Direct Stock Up 3.1%

ANG opened at GBX 50 on Wednesday. The company has a market capitalization of £36.28 million, a P/E ratio of 20.00 and a beta of 0.65. The company has a debt-to-equity ratio of 30.74, a current ratio of 2.43 and a quick ratio of 1.50. The firm’s fifty day moving average price is GBX 50.42 and its two-hundred day moving average price is GBX 51.80. Angling Direct has a fifty-two week low of GBX 40 and a fifty-two week high of GBX 60.

Wall Street Analyst Weigh In

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

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.