AO World (LON:AO) Stock Passes Below 200-Day Moving Average – Should You Sell?

AO World plc (LON:AO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 95.97 and traded as low as GBX 90.28. AO World shares last traded at GBX 90.80, with a volume of 384,703 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 160 price target on shares of AO World in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, AO World presently has a consensus rating of “Moderate Buy” and an average target price of GBX 134.

AO World Trading Down 0.1%

The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 36.92. The business has a fifty day moving average price of GBX 90.82 and a 200-day moving average price of GBX 95.97. The company has a market cap of £528.03 million, a P/E ratio of 20.71, a PEG ratio of -2.13 and a beta of 1.22.

AO World (LON:AO) last announced its earnings results on Wednesday, June 17th. The company reported GBX 6.36 earnings per share (EPS) for the quarter. AO World had a net margin of 2.83% and a return on equity of 21.65%. The company had revenue of GBX 126.66 billion during the quarter. On average, analysts forecast that AO World plc will post 4.8263419 earnings per share for the current year.

Insider Activity at AO World

In other news, insider John Roberts sold 5,359,056 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total transaction of £4,823,150.40. Insiders own 47.09% of the company’s stock.

About AO World

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.