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

Shares of AO World plc (LON:AO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 89.72 and traded as high as GBX 93.30. AO World shares last traded at GBX 92, with a volume of 288,352 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 155 target price on shares of AO World in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, AO World presently has a consensus rating of “Moderate Buy” and an average target price of GBX 132.33.

AO World Trading Up 2.4%

The firm has a market capitalization of £539.08 million, a price-to-earnings ratio of 21.14, a P/E/G ratio of -2.13 and a beta of 1.20. The business has a 50-day moving average of GBX 89.85 and a two-hundred day moving average of GBX 98.22. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38.

Insiders Place Their Bets

In related news, insider John Roberts sold 5,359,056 shares of AO World stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 90, for a total transaction of £4,823,150.40. 47.09% of the stock is currently 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.