Angling Direct (LON:ANG) Shares Down 1.9% – Here’s Why

Angling Direct PLC (LON:ANG) was down 1.9% on Wednesday . The stock traded as low as GBX 39 ($0.49) and last traded at GBX 39.25 ($0.49). Approximately 46,500 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 118,337 shares. The stock had previously closed at GBX 40 ($0.50).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 57 ($0.71) target price on shares of Angling Direct in a report on Tuesday, October 8th.

Angling Direct Price Performance

The company has a market cap of £30.14 million, a price-to-earnings ratio of 1,950.00 and a beta of 1.43. The company’s 50-day simple moving average is GBX 38.25 and its 200-day simple moving average is GBX 37.21. The company has a debt-to-equity ratio of 32.63, a current ratio of 2.61 and a quick ratio of 1.50.

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.