Angling Direct (LON:ANG) Releases 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 Stock Performance

ANG traded down GBX 0.10 during midday trading on Thursday, hitting GBX 54.40. 32,193 shares of the company were exchanged, compared to its average volume of 119,110. Angling Direct has a 1-year low of GBX 45.50 and a 1-year high of GBX 56. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 29.54. The firm has a market capitalization of £37.11 million, a price-to-earnings ratio of 19.57 and a beta of 0.61. The company’s 50 day simple moving average is GBX 51.94 and its 200 day simple moving average is GBX 50.30.

Wall Street Analysts Forecast Growth

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