Angling Direct (LON:ANG) Stock Price Down 1.4% – Time to Sell?

Shares of Angling Direct PLC (LON:ANG) traded down 1.4% during mid-day trading on Tuesday . The company traded as low as GBX 49 and last traded at GBX 50. 43,116 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 94,195 shares. The stock had previously closed at GBX 50.70.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 78 target price on shares of Angling Direct in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Angling Direct presently has a consensus rating of “Buy” and a consensus target price of GBX 78.

Angling Direct Trading Down 0.6%

The company has a current ratio of 2.61, a quick ratio of 1.50 and a debt-to-equity ratio of 31.21. The business has a 50 day moving average of GBX 49.54 and a 200-day moving average of GBX 51.41. The stock has a market cap of £36.06 million, a PE ratio of 19.88 and a beta of 0.65.

Angling Direct (LON:ANG) last posted its earnings results on Tuesday, May 12th. The company reported GBX 2.81 earnings per share (EPS) for the quarter. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%.The firm had revenue of £103.90 million for the quarter. On average, analysts anticipate that Angling Direct PLC will post 1.9191919 EPS 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.