AO World (LON:AO) Stock Crosses Below 200-Day Moving Average After Insider Selling

AO World plc (LON:AO)’s stock price passed below its 200-day moving average during trading on Wednesday after an insider sold shares in the company. The stock has a 200-day moving average of GBX 100.55 ($1.33) and traded as low as GBX 94.10 ($1.25). AO World shares last traded at GBX 95 ($1.26), with a volume of 268,918 shares trading hands.

Specifically, insider John Roberts sold 250,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of GBX 97 ($1.29), for a total transaction of £242,500 ($321,703.37). Also, insider John Roberts sold 150,000 shares of AO World stock in a transaction dated Monday, May 12th. The stock was sold at an average price of GBX 96 ($1.27), for a total value of £144,000 ($191,032.10). In other AO World news, insider John Roberts sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of GBX 99 ($1.31), for a total transaction of £118,800 ($157,601.49).

AO World Trading Down 1.2%

The company’s 50 day moving average price is GBX 95.98 and its two-hundred day moving average price is GBX 100.55. The firm has a market cap of £552.46 million, a PE ratio of 21.66, a P/E/G ratio of -2.13 and a beta of 1.06. The company has a quick ratio of 0.48, a current ratio of 0.95 and a debt-to-equity ratio of 43.05.

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.