Angling Direct (LON:ANG) Trading 2.7% Higher – Here’s Why

Angling Direct PLC (LON:ANG) shot up 2.7% during trading on Wednesday . The company traded as high as GBX 55 and last traded at GBX 54.97. Approximately 59,968 shares traded hands during trading, a decline of 55% from the average session volume of 132,952 shares. The stock had previously closed at GBX 53.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set 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, According to data from MarketBeat.com, Angling Direct currently has a consensus rating of “Buy” and a consensus price target of GBX 78.

Angling Direct Price Performance

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 stock’s 50 day moving average price is GBX 49.51 and its two-hundred day moving average price is GBX 49.94. The firm has a market capitalization of £38.75 million, a price-to-earnings ratio of 19.77 and a beta of 0.65.

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.