Angling Direct (LON:ANG) Trading Down 4.1% – Should You Sell?

Angling Direct PLC (LON:ANG)’s stock price traded down 4.1% during mid-day trading on Wednesday . The company traded as low as GBX 34.40 ($0.43) and last traded at GBX 35.50 ($0.45). 265,126 shares changed hands during trading, an increase of 294% from the average session volume of 67,269 shares. The stock had previously closed at GBX 37 ($0.47).

Wall Street Analyst Weigh In

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

Angling Direct Trading Up 4.1 %

The firm has a 50-day moving average price of GBX 36.71 and a 200-day moving average price of GBX 36.87. The company has a debt-to-equity ratio of 32.63, a quick ratio of 1.50 and a current ratio of 2.61. The stock has a market cap of £28.16 million, a PE ratio of 1,822.50 and a beta of 1.43.

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.