AO World (LON:AO) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

AO World plc (LON:AO) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 93.61 and traded as high as GBX 93.70. AO World shares last traded at GBX 88, with a volume of 678,014 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their target price on shares of AO World from GBX 160 to GBX 155 and set a “buy” rating on the stock in a research report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 146.

AO World Stock Up 0.2%

The stock has a fifty day moving average of GBX 93.61 and a two-hundred day moving average of GBX 91.45. The stock has a market cap of £512.91 million, a price-to-earnings ratio of 20.11, a PEG ratio of -2.13 and a beta of 1.23. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 36.92.

Insider Buying and Selling

In other AO World news, insider Mark Higgins sold 105,340 shares of AO World stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 183,160 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of GBX 98, for a total value of £179,496.80. 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.