AO World (LON:AO) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

AO World plc (LON:AO) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 106.55 and traded as high as GBX 112.40. AO World shares last traded at GBX 111, with a volume of 240,054 shares traded.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 137 price objective on shares of AO World in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 121.

AO World Stock Performance

The stock has a market cap of £652.48 million, a price-to-earnings ratio of 25.59, a PEG ratio of -2.13 and a beta of 1.06. The company’s 50 day simple moving average is GBX 106.55 and its 200 day simple moving average is GBX 98.77. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95.

AO World (LON:AO) last posted 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 anticipate that AO World plc will post 4.8263419 earnings per share for the current year.

Insider Activity

In other news, insider John Roberts sold 414,851 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of GBX 97, for a total value of £402,405.47. In the last 90 days, insiders sold 718,053 shares of company stock worth $70,433,777. 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.