AO World (LON:AO) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

AO World plc (LON:AO)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 90.34 and traded as high as GBX 90.50. AO World shares last traded at GBX 89.60, with a volume of 428,928 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 160 price target on shares of AO World in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 134.

AO World Stock Up 3.7%

The stock has a market capitalization of £521.06 million, a price-to-earnings ratio of 20.43, a PEG ratio of -2.13 and a beta of 1.22. 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 business has a fifty day moving average of GBX 90.34 and a 200 day moving average of GBX 97.25.

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

Insider Buying and Selling at AO World

In related news, insider John Roberts sold 5,359,056 shares of the firm’s 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. Corporate insiders own 47.09% of the company’s stock.

AO World Company Profile

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.