AO World (LON:AO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

AO World plc (LON:AO) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 95.22 and traded as low as GBX 91.10. AO World shares last traded at GBX 91.60, with a volume of 292,815 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 160 price objective on shares of AO World in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 134.

AO World Stock Down 1.5%

The firm’s fifty day moving average price is GBX 91.32 and its 200-day moving average price is GBX 95.22. The company has a debt-to-equity ratio of 36.92, a current ratio of 1.09 and a quick ratio of 0.48. The firm has a market capitalization of £532.69 million, a P/E ratio of 20.89, a PEG ratio of -2.13 and a beta of 1.22.

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

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.