AO World (LON:AO) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

AO World plc (LON:AO)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 93.80 and traded as high as GBX 98.80. AO World shares last traded at GBX 95.20, with a volume of 416,802 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 160 target price on shares of AO World in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 148.50.

AO World Trading Down 0.8%

The firm has a 50 day moving average of GBX 93.97 and a 200 day moving average of GBX 93.10. The firm has a market cap of £553.04 million, a PE ratio of 21.69, a P/E/G ratio of -2.13 and a beta of 1.23. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 36.92.

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

Insider Buying and Selling at AO World

In related news, insider Mark Higgins sold 105,340 shares of AO World stock in a transaction dated Monday, August 10th. The stock was sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 183,160 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of GBX 98, for a total value of £179,496.80. 47.09% of the stock is currently owned by corporate insiders.

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.