Angling Direct (LON:ANG) Sets New 12-Month High – Here’s Why

Angling Direct PLC (LON:ANG)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 56 and last traded at GBX 55.52, with a volume of 24,597 shares trading hands. The stock had previously closed at GBX 53.61.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on shares of Angling Direct from GBX 78 to GBX 54 and set a “buy” rating for the company in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Angling Direct currently has a consensus rating of “Buy” and a consensus target price of GBX 54.

Angling Direct Price Performance

The company has a fifty day simple moving average of GBX 52.64 and a two-hundred day simple moving average of GBX 50.46. The company has a debt-to-equity ratio of 29.54, a quick ratio of 1.50 and a current ratio of 2.47. The company has a market capitalization of £37.87 million, a price-to-earnings ratio of 19.97 and a beta of 0.61.

Angling Direct (LON:ANG) last issued its quarterly earnings results on Tuesday, October 13th. The company reported GBX 3.20 earnings per share for the quarter. Angling Direct had a return on equity of 5.36% and a net margin of 2.10%. As a group, research analysts anticipate that Angling Direct PLC will post 1.92 earnings per share for the current year.

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.