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

AO World plc (LON:AO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 96.65 and traded as low as GBX 93.20. AO World shares last traded at GBX 94.60, with a volume of 1,279,181 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 160 target price 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 134.

AO World Stock Down 0.1%

The company has a market cap of £550.13 million, a P/E ratio of 21.57, a price-to-earnings-growth ratio of -2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 36.92, a quick ratio of 0.48 and a current ratio of 1.09. The business’s fifty day moving average is GBX 90.33 and its two-hundred day moving average is GBX 96.65.

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

Insider Activity

In related news, insider John Roberts sold 5,359,056 shares of the business’s stock in a transaction that occurred on 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.

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.