Angling Direct (LON:ANG) Trading Up 1% – What’s Next?

Angling Direct PLC (LON:ANG)’s share price was up 1% on Tuesday . The stock traded as high as GBX 50 and last traded at GBX 50. Approximately 257,998 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 92,217 shares. The stock had previously closed at GBX 49.50.

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 report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Angling Direct presently has an average rating of “Buy” and an average price target of GBX 78.

Angling Direct Stock Down 0.0%

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 firm has a market cap of £36.26 million, a PE ratio of 17.98 and a beta of 0.65. The business has a fifty day moving average price of GBX 49.51 and a two-hundred day moving average price of GBX 51.37.

Angling Direct (LON:ANG) last announced its quarterly earnings data 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. On average, analysts anticipate that Angling Direct PLC will post 1.9191919 EPS for the current fiscal 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.