Angling Direct (LON:ANG) Stock Falls 1.8% – Here’s What Happened

Shares of Angling Direct PLC (LON:ANG) fell 1.8% on Wednesday. The company traded as low as GBX 53.03 and last traded at GBX 53.03. Approximately 4,426 shares traded hands during trading, a decline of 96% from the average session volume of 123,373 shares. The stock had previously closed at GBX 54.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 78 target price on shares of Angling Direct in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 78.

Angling Direct Stock Down 0.9%

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 company has a market cap of £37.36 million, a PE ratio of 19.06 and a beta of 0.65. The company’s fifty day moving average is GBX 50.88 and its 200-day moving average is GBX 50.11.

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.