AO World (LON:AO) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of AO World plc (LON:AO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 92.35 and traded as low as GBX 89.50. AO World shares last traded at GBX 92, with a volume of 2,368,309 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 160 price target on shares of AO World in a report on Wednesday, June 17th. Two investment 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 price target of GBX 148.50.

AO World Price Performance

The stock has a market capitalization of £540.83 million, a P/E ratio of 21.21, a price-to-earnings-growth ratio of -2.13 and a beta of 1.23. The business’s 50 day simple moving average is GBX 94.53 and its two-hundred day simple moving average is GBX 92.35. 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 posted its earnings results on Wednesday, June 17th. The company reported GBX 6.36 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. As a group, sell-side analysts forecast that AO World plc will post 4.8263419 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John Roberts sold 183,160 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of GBX 98, for a total value of £179,496.80. Also, insider Mark Higgins sold 105,340 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 98, for a total value of £103,233.20. 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.