AO World (LON:AO) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

AO World plc (LON:AO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 105.06 and traded as high as GBX 110.60. AO World shares last traded at GBX 109.60, with a volume of 108,271 shares.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 137 price objective on shares of AO World in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, AO World currently has an average rating of “Moderate Buy” and a consensus target price of GBX 121.

AO World Stock Up 0.4%

The business’s 50 day moving average price is GBX 105.06 and its 200-day moving average price is GBX 98.02. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95. The firm has a market capitalization of £637.36 million, a PE ratio of 24.99, a P/E/G ratio of -2.13 and a beta of 1.06.

AO World (LON:AO) last posted its earnings results on Tuesday, November 25th. The company reported GBX 2.22 earnings per share for the quarter. AO World had a net margin of 2.48% and a return on equity of 18.96%. As a group, equities research analysts forecast that AO World plc will post 4.8263419 earnings per share for the current year.

Insider Activity

In related news, insider John Roberts sold 414,851 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of GBX 97, for a total transaction of £402,405.47. In the last quarter, insiders sold 718,053 shares of company stock valued at $70,433,777. 47.09% of the stock is currently 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.