AO World (LON:AO) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

AO World plc (LON:AO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 100.92 and traded as low as GBX 98.90. AO World shares last traded at GBX 100, with a volume of 585,439 shares changing hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and set a GBX 137 price objective on shares of AO World in a research note on Tuesday, November 25th. One equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 121.

AO World Stock Performance

The stock has a market capitalization of £587.35 million, a PE ratio of 23.03, a PEG ratio of -2.13 and a beta of 1.06. The business’s 50 day moving average is GBX 108.39 and its 200 day moving average is GBX 100.92. The company has a current ratio of 0.95, a quick ratio of 0.48 and a debt-to-equity ratio of 43.05.

AO World (LON:AO) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 2.22 earnings per share (EPS) for the quarter. AO World had a net margin of 2.48% and a return on equity of 18.96%. On average, equities research analysts predict that AO World plc will post 4.8263419 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chris Hopkinson sold 700,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of GBX 107, for a total transaction of £749,000. Also, insider John Roberts sold 2,500,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of GBX 105, for a total transaction of £2,625,000. In the last 90 days, insiders have sold 4,200,000 shares of company stock valued at $444,400,000. 47.09% of the stock is owned by company 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.