Angling Direct (LON:ANG) Trading Up 1% – Still a Buy?

Angling Direct PLC (LON:ANG) shares traded up 1% during trading on Tuesday . The company traded as high as GBX 50 and last traded at GBX 50. 257,998 shares were traded during trading, an increase of 180% from the average daily volume of 92,217 shares. The stock had previously closed at GBX 49.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 78 price objective 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 78.

Angling Direct Stock Up 1.0%

The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21. The business has a 50-day simple moving average of GBX 49.54 and a two-hundred day simple moving average of GBX 51.36. The stock has a market capitalization of £36.27 million, a P/E ratio of 17.99 and a beta of 0.65.

Angling Direct (LON:ANG) last issued its quarterly earnings data 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 company had revenue of £103.90 million during the quarter. Equities research analysts forecast that Angling Direct PLC will post 1.9191919 earnings per share for the current fiscal year.

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. 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.