Angling Direct (LON:ANG) Sets New 12-Month High – Still a Buy?

Angling Direct PLC (LON:ANG) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 49 ($0.66) and last traded at GBX 47.15 ($0.64), with a volume of 468028 shares changing hands. The stock had previously closed at GBX 45 ($0.61).

Angling Direct Stock Performance

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 stock’s 50 day simple moving average is GBX 37.64 and its two-hundred day simple moving average is GBX 38.24. The stock has a market cap of £36.66 million, a P/E ratio of 23.01 and a beta of 1.43.

Angling Direct (LON:ANG) last posted its quarterly earnings results on Tuesday, May 13th. The company reported GBX 1.85 ($0.03) earnings per share (EPS) for the quarter. Angling Direct had a net margin of 1.94% and a return on equity of 4.14%. As a group, research analysts forecast that Angling Direct PLC will post 1.9191919 EPS for the current year.

Insider Buying and Selling at Angling Direct

In other Angling Direct news, insider Martyn Graham Page sold 400,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of GBX 38 ($0.51), for a total value of £152,000 ($205,405.41). Corporate insiders own 22.19% of the company’s stock.

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.