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

Angling Direct PLC (LON:ANG)’s share price was up 1% during mid-day trading on Tuesday . The company traded as high as GBX 50 and last traded at GBX 50. Approximately 11,379 shares changed hands during trading, a decline of 87% from the average session volume of 87,242 shares. The stock had previously closed at GBX 49.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued 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 MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 78.

Angling Direct Stock Down 0.9%

The firm has a fifty day simple moving average of GBX 49.59 and a 200-day simple moving average of GBX 51.12. The firm has a market cap of £35.59 million, a price-to-earnings ratio of 17.65 and a beta of 0.64. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61.

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 net margin of 1.99% and a return on equity of 5.06%. The company had revenue of £103.90 million during the quarter. As a group, sell-side analysts expect 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.