Angling Direct (LON:ANG – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 3.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Angling Direct had a return on equity of 5.06% and a net margin of 1.99%.
Angling Direct Stock Performance
Shares of ANG stock opened at GBX 54.57 on Tuesday. 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 £37.23 million, a price-to-earnings ratio of 19.63 and a beta of 0.61. Angling Direct has a 52 week low of GBX 45.50 and a 52 week high of GBX 56. The firm’s 50-day simple moving average is GBX 51.69 and its two-hundred day simple moving average is GBX 50.24.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reduced their price objective on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 54.
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.
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