Angling Direct (LON:ANG) Shares Down 3.2% – Time to Sell?

Angling Direct PLC (LON:ANG) shares were down 3.2% on Wednesday . The company traded as low as GBX 39.21 ($0.49) and last traded at GBX 39.21 ($0.49). Approximately 22,269 shares traded hands during trading, a decline of 70% from the average daily volume of 75,127 shares. The stock had previously closed at GBX 40.50 ($0.51).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 57 ($0.71) price objective on shares of Angling Direct in a report on Tuesday, October 8th.

Angling Direct Price Performance

The business has a fifty day moving average price of GBX 37.42 and a 200 day moving average price of GBX 36.94. The company has a debt-to-equity ratio of 32.63, a current ratio of 2.61 and a quick ratio of 1.50. The company has a market capitalization of £30.30 million, a price-to-earnings ratio of 1,960.50 and a beta of 1.43.

About Angling Direct

Angling Direct plc, together with its subsidiaries, engages in the retail of fishing tackle products and equipment in the United Kingdom, Germany, France, the Netherlands, and internationally. The company offers baits and additives, bait accessories, bait boats, bait boxes, bait making equipment, barrows and trolleys, bed chair accessories, bed chairs, bite alarms, bivvies and shelters, bivvy accessories, buckets and riddles, carp essentials, catapult spares, catapults, chairs, clothing, and cooking equipment.