Angling Direct Plc ( (GB:ANG) ) has provided an announcement.
Angling Direct PLC has executed a share buyback program, purchasing 50,000 of its ordinary shares at 36.0 pence per share, as part of its strategy to manage its capital structure. This move, conducted through Singer Capital Markets, reflects the company’s confidence in its market position and aims to enhance shareholder value by reducing the number of shares available in the market, thus potentially increasing earnings per share.
More about Angling Direct Plc
Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with a significant and expanding presence in Europe. The company operates over 50 retail stores in the UK and has a robust digital platform, including native language websites for key European markets. Angling Direct offers a wide range of fishing tackle products from top industry brands and its own brands, aiming to inspire diverse fishing experiences.
YTD Price Performance: -8.64%
Average Trading Volume: 148,522
Technical Sentiment Signal: Strong Buy
Current Market Cap: £27.44M
For a thorough assessment of ANG stock, go to TipRanks’ Stock Analysis page.