AO World (LON:AO) Shares Cross Above 50-Day Moving Average – Here’s Why

AO World plc (LON:AO)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 91.27 and traded as high as GBX 94.50. AO World shares last traded at GBX 92.20, with a volume of 518,955 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their price target on AO World from GBX 160 to GBX 155 and set a “buy” rating on the stock in a report on Friday, September 25th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 146.

AO World Price Performance

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 company has a market cap of £532.10 million, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of -2.13 and a beta of 1.23. The company has a fifty day simple moving average of GBX 91.27 and a two-hundred day simple moving average of GBX 93.53.

Insider Buying and Selling at AO World

In related news, insider Mark Higgins sold 105,340 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 3,618,075 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of GBX 83, for a total transaction of £3,003,002.25. Insiders have sold a total of 3,906,575 shares of company stock valued at $328,573,225 in the last ninety days. Corporate 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.