Angling Direct (LON:ANG) Stock Price Up 1% – Time to Buy?

Angling Direct PLC (LON:ANG – Get Free Report)’s stock price was up 1% during trading on Tuesday . The company traded as high as GBX 50 and last traded at GBX 50. 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 Analysts Forecast Growth

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

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Angling Direct Price Performance

The company has a 50-day moving average of GBX 49.59 and a 200 day moving average of GBX 51.14. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61. The firm has a market cap of £36.27 million, a P/E ratio of 17.99 and a beta of 0.64.

Angling Direct (LON:ANG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 2.81 earnings per share for the quarter. The firm had revenue of £103.90 million for the quarter. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%. On average, sell-side analysts anticipate that Angling Direct PLC will post 1.9191919 EPS for the current year.

About Angling Direct

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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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