Angling Direct (LON:ANG) Shares Down 2.3% – Should You Sell?

Angling Direct PLC (LON:ANG) shares dropped 2.3% during trading on Monday . The company traded as low as GBX 36.15 ($0.47) and last traded at GBX 36.15 ($0.47). Approximately 144,253 shares were traded during trading, a decline of 8% from the average daily volume of 157,265 shares. The stock had previously closed at GBX 37 ($0.48).

Angling Direct Trading Down 2.3 %

The business has a 50 day moving average of GBX 38.67 and a 200 day moving average of GBX 37.85. The firm has a market cap of £28.11 million, a price-to-earnings ratio of 17.64 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.

Insiders Place Their Bets

In other Angling Direct news, insider Martyn Graham Page sold 400,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of GBX 38 ($0.49), for a total transaction of £152,000 ($196,382.43). 22.19% of the stock is owned by corporate insiders.

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.