Angling Direct (LON:ANG) Releases Quarterly Earnings Results

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

Angling Direct Trading Down 0.9%

Shares of LON ANG traded down GBX 0.50 during mid-day trading on Friday, hitting GBX 54. 2,013,518 shares of the company traded hands, compared to its average volume of 128,582. Angling Direct has a 1 year low of GBX 45.50 and a 1 year 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 stock has a market capitalization of £36.84 million, a price-to-earnings ratio of 19.42 and a beta of 0.61. The business has a 50 day moving average of GBX 52.22 and a two-hundred day moving average of GBX 50.36.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Angling Direct has a consensus rating of “Buy” and a consensus target price of GBX 54.

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.