Angling Direct (LON:ANG) Hits New 12-Month High – Here’s Why

Angling Direct PLC (LON:ANG)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 56 and last traded at GBX 53.62, with a volume of 134,561 shares trading hands. The stock had previously closed at GBX 54.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 54.

Angling Direct Stock Performance

The company has a market cap of £36.58 million, a PE ratio of 19.29 and a beta of 0.61. The company has a debt-to-equity ratio of 31.21, a current ratio of 2.61 and a quick ratio of 1.50. The business has a 50-day moving average of GBX 51.69 and a 200 day moving average of GBX 50.24.

Angling Direct (LON:ANG) last issued its quarterly earnings results on Tuesday, October 13th. The company reported GBX 3.20 earnings per share for the quarter. Angling Direct had a net margin of 1.99% and a return on equity of 5.06%. Equities research analysts anticipate that Angling Direct PLC will post 1.92 EPS 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.