Angling Direct (LON:ANG) Shares Down 1.3% – Here’s Why

Angling Direct PLC (LON:ANG) shares traded down 1.3% during trading on Monday . The stock traded as low as GBX 38.37 ($0.51) and last traded at GBX 40.45 ($0.53). 92,865 shares traded hands during trading, a decline of 35% from the average session volume of 143,156 shares. The stock had previously closed at GBX 41 ($0.54).

Angling Direct Stock Performance

The firm has a 50-day moving average price of GBX 36.44 and a 200 day moving average price of GBX 37.76. The firm has a market capitalization of £31.45 million, a PE ratio of 19.74 and a beta of 1.43. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 32.63.

Insider Transactions at Angling Direct

In other news, insider Martyn Graham Page sold 400,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of GBX 38 ($0.50), for a total transaction of £152,000 ($200,263.50). Company insiders own 22.19% of the company’s stock.

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.