Angling Direct (LON:ANG) Reaches New 52-Week High – Should You Buy?

Angling Direct PLC (LON:ANG – Get Free Report)’s share price reached a new 52-week high during 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 traded. The stock had previously closed at GBX 53.61.

Wall Street Analyst Weigh In

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

View Our Latest Report on Angling Direct

Angling Direct Trading Up 3.6%

The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 29.54. The business has a 50 day moving average of GBX 52.64 and a 200-day moving average of GBX 50.46. The stock has a market cap of £37.87 million, a PE ratio of 19.97 and a beta of 0.61.

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

About Angling Direct

(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.

Further Reading

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