AO World (LON:AO) Shares Cross Below 200-Day Moving Average – Time to Sell?

AO World plc (LON:AO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 100.25 and traded as low as GBX 84.53. AO World shares last traded at GBX 87, with a volume of 231,769 shares changing hands.

Analysts Set New Price Targets

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

AO World Stock Down 1.3%

The stock has a market capitalization of £499.54 million, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20. The business’s 50-day moving average is GBX 89.69 and its two-hundred day moving average is GBX 100.25. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38.

Insiders Place Their Bets

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