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

AO World plc (LON:AO)’s share 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 trading hands.

Wall Street Analyst Weigh In

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

AO World Trading Up 3.7%

The company has a fifty day simple moving average of GBX 90.34 and a two-hundred day simple moving average of GBX 97.25. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 36.92. The company has a market cap of £521.06 million, a PE ratio of 20.43, a P/E/G ratio of -2.13 and a beta of 1.22.

AO World (LON:AO) last posted its quarterly earnings results on Wednesday, June 17th. The company reported GBX 6.36 earnings per share (EPS) for the quarter. The company had revenue of GBX 126.66 billion for the quarter. AO World had a return on equity of 21.65% and a net margin of 2.83%. Analysts anticipate that AO World plc will post 4.8263419 EPS 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 that occurred on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total value of £4,823,150.40. 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.