AO World (LON:AO) Stock Price Crosses Above Fifty Day Moving Average of $43.55

AO World plc (LON:AOGet Rating)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 43.55 ($0.53) and traded as high as GBX 47.30 ($0.57). AO World shares last traded at GBX 46.04 ($0.56), with a volume of 10,126,764 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AO shares. Shore Capital reiterated a “not rated” rating on shares of AO World in a research note on Thursday, August 18th. Jefferies Financial Group upgraded AO World to a “buy” rating and lifted their price target for the stock from GBX 45 ($0.54) to GBX 65 ($0.79) in a research note on Thursday, August 18th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 59 ($0.71) price target on shares of AO World in a research note on Monday, July 4th.

AO World Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.76 and a debt-to-equity ratio of 212.16. The stock has a 50 day simple moving average of GBX 43.55 and a 200 day simple moving average of GBX 66.19. The company has a market capitalization of £258.92 million and a price-to-earnings ratio of -35.42.

AO World Company Profile

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AO World plc, together with its subsidiaries, operates as an online retailer of domestic appliances and consumer electronics in the United Kingdom and Europe. The company retails fridge freezers, cookers and washing machines, and audiovisual equipment, as well as computing, mobile, and gaming products.

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