AO World (LON:AO) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

AO World plc (LON:AO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 99.46 and traded as low as GBX 86.10. AO World shares last traded at GBX 87.70, with a volume of 195,556 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 155 price objective on shares of AO World in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 132.33.

AO World Stock Up 3.2%

The firm has a market cap of £530.94 million, a price-to-earnings ratio of 20.82, a PEG ratio of -2.13 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38. The firm has a fifty day moving average price of GBX 88.76 and a 200-day moving average price of GBX 99.38.

Insider Transactions at AO World

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

AO World Company Profile

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.