Angling Direct (LON:ANG) Shares Up 1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 78 target price on shares of Angling Direct in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Angling Direct has a consensus rating of “Buy” and a consensus price target of GBX 78.

Angling Direct Stock Performance

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 firm has a 50-day moving average of GBX 49.54 and a 200 day 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 announced its quarterly 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 firm had revenue of £103.90 million for the quarter. Research analysts anticipate that Angling Direct PLC will post 1.9191919 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.