AO World (LON:AO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

AO World plc (LON:AO)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 101.90 and traded as low as GBX 87.30. AO World shares last traded at GBX 88.10, with a volume of 294,035 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt restated a “buy” rating and set a GBX 137 price objective on shares of AO World in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AO World has an average rating of “Moderate Buy” and an average price target of GBX 121.

AO World Trading Down 1.1%

The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38. The company has a market capitalization of £512.33 million, a P/E ratio of 20.09, a price-to-earnings-growth ratio of -2.13 and a beta of 1.24. The business has a fifty day moving average price of GBX 101.93 and a 200 day moving average price of GBX 101.90.

Insider Buying and Selling

In other news, insider Chris Hopkinson sold 700,000 shares of AO World stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of GBX 107, for a total value of £749,000. Also, insider John Roberts sold 1,000,000 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of GBX 107, for a total transaction of £1,070,000. In the last three months, insiders sold 4,200,000 shares of company stock worth $444,400,000. 47.09% of the stock is owned by insiders.

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.