Angling Direct (LON:ANG) Issues Earnings Results

Angling Direct (LON:ANG) released its quarterly earnings results on Tuesday. The company reported GBX 3.20 earnings per share for the quarter, Digital Look Earnings reports. Angling Direct had a return on equity of 5.36% and a net margin of 2.10%.

Angling Direct Trading Down 1.4%

Shares of ANG opened at GBX 53.76 on Thursday. The stock has a market capitalization of £36.67 million, a P/E ratio of 19.34 and a beta of 0.61. Angling Direct has a twelve month low of GBX 45.50 and a twelve month high of GBX 56. The company has a quick ratio of 1.50, a current ratio of 2.47 and a debt-to-equity ratio of 29.54. The firm has a fifty day simple moving average of GBX 51.94 and a two-hundred day simple moving average of GBX 50.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price target on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Angling Direct currently has an average rating of “Buy” and an average target price of GBX 54.

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.