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

Angling Direct PLC (LON:ANG) shares fell 4.1% on Wednesday . The stock traded as low as GBX 34.40 ($0.44) and last traded at GBX 35.50 ($0.45). 265,126 shares traded 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).

Analysts Set New Price Targets

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

Angling Direct Trading Down 4.1 %

The company has a fifty day moving average of GBX 36.74 and a 200-day moving average of GBX 36.87. 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 firm has a market capitalization of £27.43 million, a PE ratio of 1,775.00 and a beta of 1.43.

Angling Direct Company Profile

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.