AO World (LON:AO) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of AO World plc (LON:AO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 88.73 and traded as high as GBX 94.50. AO World shares last traded at GBX 93.60, with a volume of 445,901 shares changing hands.

Wall Street Analysts Forecast Growth

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

AO World Stock Up 1.8%

The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 41.38. The firm has a market cap of £544.32 million, a PE ratio of 21.34, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20. The stock has a fifty day simple moving average of GBX 88.73 and a two-hundred day simple moving average of GBX 98.97.

Insiders Place Their Bets

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