AO World (LON:AO) Shares Cross Below 200-Day Moving Average – Here’s Why

AO World plc (LON:AO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 95.97 and traded as low as GBX 90.28. AO World shares last traded at GBX 90.80, with a volume of 384,703 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 160 target price on shares of AO World in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s 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 Down 0.2%

The firm has a 50 day simple moving average of GBX 90.88 and a two-hundred day simple moving average of GBX 95.85. 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 stock has a market cap of £529.20 million, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of -2.13 and a beta of 1.22.

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

Insider Buying and Selling

In other AO World news, insider John Roberts sold 5,359,056 shares of AO World 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. Company 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.