Angling Direct (LON:ANG) Shares Down 3.2% – Here’s What Happened

Angling Direct PLC (LON:ANG)’s share price was down 3.2% on Wednesday . The stock traded as low as GBX 39.21 ($0.49) and last traded at GBX 39.21 ($0.49). Approximately 22,269 shares were traded during trading, a decline of 70% from the average daily volume of 75,127 shares. The stock had previously closed at GBX 40.50 ($0.51).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 57 ($0.71) target price on shares of Angling Direct in a research report on Tuesday, October 8th.

Angling Direct Stock Performance

The stock’s 50-day moving average price is GBX 37.42 and its 200-day moving average price is GBX 36.94. The company has a current ratio of 2.61, a quick ratio of 1.50 and a debt-to-equity ratio of 32.63. The company has a market capitalization of £30.30 million, a P/E ratio of 1,960.50 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.