Angling Direct (LON:ANG) Sets New 1-Year High – Time to Buy?

Angling Direct PLC (LON:ANG) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 56 and last traded at GBX 55.52, with a volume of 24,597 shares changing hands. The stock had previously closed at GBX 53.61.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on shares of Angling Direct from GBX 78 to GBX 54 and set a “buy” rating for the company in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Angling Direct has a consensus rating of “Buy” and an average price target of GBX 54.

Angling Direct Price Performance

The company has a debt-to-equity ratio of 29.54, a current ratio of 2.47 and a quick ratio of 1.50. The stock has a 50 day moving average price of GBX 52.96 and a 200-day moving average price of GBX 50.52. The stock has a market capitalization of £36.40 million, a price-to-earnings ratio of 19.20 and a beta of 0.61.

Angling Direct (LON:ANG) last issued its quarterly earnings results on Tuesday, October 13th. The company reported GBX 3.20 EPS for the quarter. Angling Direct had a return on equity of 5.36% and a net margin of 2.10%. On average, analysts forecast that Angling Direct PLC will post 1.92 earnings per share 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.