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

Shares of AO World plc (LON:AO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 99.46 and traded as low as GBX 86.10. AO World shares last traded at GBX 87.70, with a volume of 195,556 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 155 price objective on shares of AO World in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, AO World presently has an average rating of “Moderate Buy” and an average target price of GBX 132.33.

AO World Stock Up 0.1%

The business has a fifty day moving average price of GBX 88.80 and a two-hundred day moving average price of GBX 99.46. The company has a debt-to-equity ratio of 41.38, a current ratio of 1.02 and a quick ratio of 0.48. The firm has a market capitalization of £510.01 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20.

Insider Buying and Selling at AO World

In other news, insider John Roberts sold 5,359,056 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 90, for a total value of £4,823,150.40. Corporate 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.