Angling Direct (LON:ANG) Trading Up 1.3% – What’s Next?

Angling Direct PLC (LON:ANG) shares rose 1.3% during trading on Wednesday . The stock traded as high as GBX 40.68 ($0.51) and last traded at GBX 39 ($0.49). Approximately 315,123 shares traded hands during trading, an increase of 370% from the average daily volume of 67,098 shares. The stock had previously closed at GBX 38.50 ($0.49).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 57 ($0.72) price target on shares of Angling Direct in a research note on Tuesday, October 8th.

Angling Direct Stock Performance

The stock has a market capitalization of £30.14 million, a P/E ratio of 1,950.00 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. The stock has a 50 day simple moving average of GBX 36.97 and a two-hundred day simple moving average of GBX 36.97.

About Angling Direct

Angling Direct plc, together with its subsidiaries, engages in the retail of fishing tackle products and equipment in the United Kingdom, Germany, France, the Netherlands, and internationally. The company offers baits and additives, bait accessories, bait boats, bait boxes, bait making equipment, barrows and trolleys, bed chair accessories, bed chairs, bite alarms, bivvies and shelters, bivvy accessories, buckets and riddles, carp essentials, catapult spares, catapults, chairs, clothing, and cooking equipment.