Angling Direct (LON:ANG) Shares Up 1.3% – Here’s What Happened

Angling Direct PLC (LON:ANG)’s stock price was up 1.3% 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 were traded 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 reissued a “buy” rating and set a GBX 57 ($0.72) price objective on shares of Angling Direct in a report on Tuesday, October 8th.

Angling Direct Stock Performance

The firm has a market cap 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 firm has a fifty day moving average of GBX 36.97 and a 200-day 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.