Angling Direct (LON:ANG) Shares Up 0.8% – Time to Buy?

Angling Direct PLC (LON:ANG) shot up 0.8% during mid-day trading on Friday . The stock traded as high as GBX 54 and last traded at GBX 53.40. 2,302 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 92,006 shares. The stock had previously closed at GBX 53.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on shares of Angling Direct from GBX 60 to GBX 67 and gave the stock a “buy” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Angling Direct presently has an average rating of “Buy” and a consensus price target of GBX 67.

Angling Direct Trading Up 0.8%

The company has a debt-to-equity ratio of 32.63, a current ratio of 2.61 and a quick ratio of 1.50. The stock’s 50-day moving average is GBX 51.92 and its two-hundred day moving average is GBX 49.79. The company has a market cap of £38.99 million, a P/E ratio of 21.36 and a beta of 1.43.

Angling Direct (LON:ANG) last announced its earnings results on Tuesday, October 7th. The company reported GBX 2.91 earnings per share for the quarter. Angling Direct had a net margin of 1.94% and a return on equity of 4.14%. As a group, equities research analysts predict that Angling Direct PLC will post 1.9191919 earnings per share for the current fiscal year.

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.