AO World (LON:AO) Upgraded at Shore Capital

Shore Capital upgraded shares of AO World (LON:AO) to a buy rating in a research note released on Wednesday morning, Marketbeat Ratings reports.

AO World Stock Performance

AO World stock opened at GBX 106.60 ($1.35) on Wednesday. The firm has a 50 day simple moving average of GBX 93.59 and a 200-day simple moving average of GBX 89.92. AO World has a 1-year low of GBX 61.99 ($0.78) and a 1-year high of GBX 109.40 ($1.38). The company has a debt-to-equity ratio of 65.04, a current ratio of 0.88 and a quick ratio of 0.48. The stock has a market cap of £616.76 million, a price-to-earnings ratio of 2,132.00, a price-to-earnings-growth ratio of -2.13 and a beta of 0.92.

Insider Activity

In related news, insider Chris Hopkinson bought 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of GBX 90 ($1.14) per share, with a total value of £12,600 ($15,947.35). Company insiders own 50.77% 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.