Angling Direct (LON:ANG) Shares Down 4% – Time to Sell?

Angling Direct PLC (LON:ANG)’s stock price traded down 4% during trading on Monday . The stock traded as low as GBX 34 ($0.45) and last traded at GBX 34 ($0.45). 31,771 shares were traded during mid-day trading, a decline of 80% from the average session volume of 158,168 shares. The stock had previously closed at GBX 35.40 ($0.47).

Angling Direct Price Performance

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 firm’s 50-day moving average price is GBX 37.33 and its two-hundred day moving average price is GBX 37.81. The stock has a market cap of £26.44 million, a PE ratio of 16.60 and a beta of 1.43.

Insider Buying and Selling

In other Angling Direct news, insider Martyn Graham Page sold 400,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of GBX 38 ($0.51), for a total value of £152,000 ($203,398.90). 22.19% of the stock is currently owned by insiders.

Angling Direct Company Profile

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.