Angling Direct (LON:ANG) Stock Price Up 1.7% – Still a Buy?

Angling Direct PLC (LON:ANG)’s share price rose 1.7% on Tuesday . The stock traded as high as GBX 47.98 and last traded at GBX 47.98. 4,867 shares traded hands during trading, a decline of 94% from the average daily volume of 85,500 shares. The stock had previously closed at GBX 47.19.

Wall Street Analysts Forecast Growth

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

Angling Direct Stock Up 1.7%

The firm has a fifty day simple moving average of GBX 49.42 and a 200-day simple moving average of GBX 50.48. The company has a market capitalization of £34.81 million, a P/E ratio of 17.26 and a beta of 0.64. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21.

Angling Direct (LON:ANG) last released its quarterly earnings data on Tuesday, May 12th. The company reported GBX 2.81 earnings per share for the quarter. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%.The business had revenue of £103.90 million for the quarter. On average, equities research analysts expect that Angling Direct PLC will post 1.9191919 EPS for the current fiscal 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.