Angling Direct (LON:ANG) Trading Down 3% – Here’s Why

Shares of Angling Direct PLC (LON:ANGGet Free Report) were down 3% on Tuesday . The company traded as low as GBX 49 and last traded at GBX 49. Approximately 533,368 shares were traded during mid-day trading, an increase of 907% from the average daily volume of 52,940 shares. The stock had previously closed at GBX 50.50.

Angling Direct Stock Performance

The company has a quick ratio of 1.50, a current ratio of 2.43 and a debt-to-equity ratio of 30.74. The business has a 50 day simple moving average of GBX 51.44 and a two-hundred day simple moving average of GBX 52.29. The firm has a market cap of £35.78 million, a PE ratio of 19.60 and a beta of 0.68.

Angling Direct Company Profile

(Get Free Report)

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.

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