AO World (LON:AO) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

AO World plc (LON:AO)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 101.84 and traded as low as GBX 94.60. AO World shares last traded at GBX 97, with a volume of 700,710 shares trading hands.

Wall Street Analyst Weigh In

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

AO World Stock Performance

The firm has a market cap of £564.09 million, a P/E ratio of 22.12, a PEG ratio of -2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 41.38, a quick ratio of 0.48 and a current ratio of 1.02. The stock’s 50-day moving average is GBX 106.30 and its 200 day moving average is GBX 101.84.

Insider Activity

In other news, insider John Roberts sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of GBX 107, for a total transaction of £1,070,000. Also, insider Chris Hopkinson sold 700,000 shares of AO World stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of GBX 107, for a total value of £749,000. Insiders sold 4,200,000 shares of company stock valued at $444,400,000 over the last 90 days. Corporate insiders own 47.09% of the company’s stock.

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.