AO World (LON:AO) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of AO World plc (LON:AO – Get Free Report) 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.

Wall Street Analysts Forecast Growth

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

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AO World Stock Performance

The company has a market capitalization of £526.29 million, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20. 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 company’s fifty day simple moving average is GBX 89.72 and its two-hundred day simple moving average is GBX 98.27.

Insider Activity

In other news, insider John Roberts sold 5,359,056 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 90, for a total value of £4,823,150.40. Insiders own 47.09% of the company’s stock.

About AO World

(Get Free Report)

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.

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