Angling Direct (LON:ANG) Trading Down 1.9% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Angling Direct Price Performance

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

About Angling Direct

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.