AO World (LON:AO) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• AO World briefly crossed above its 50-day moving average intraday (high of GBX 92.40) but was last quoted at GBX 89.60 on volume of 284,576 shares.
• Analysts view is a Moderate Buy: Jefferies reiterated a "buy" with a GBX 155 price target, while the consensus target is GBX 132.33 (two Buys, one Hold).
• Insider John Roberts sold 5,359,056 shares at GBX 90 (≈£4.82 million); company insiders collectively own 47.09% of the stock.

AO World plc (LON:AO - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 92 and traded as high as GBX 92.40. AO World shares last traded at GBX 89.60, with a volume of 284,576 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a "buy" rating and issued a GBX 155 price target on shares of AO World in a research note on Friday, April 10th. Two investment 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 a consensus rating of "Moderate Buy" and a consensus price target of GBX 132.33.

AO World Trading Down 0.4%

The firm has a market capitalization of £521.06 million, a PE ratio of 20.43, a PEG ratio of -2.13 and a beta of 1.21. The company's 50-day moving average price is GBX 92 and its 200-day moving average price is GBX 100.94. The company has a debt-to-equity ratio of 41.38, a quick ratio of 0.48 and a current ratio of 1.02.

Insider Activity

In other news, insider John Roberts sold 5,359,056 shares of AO World stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total transaction of £4,823,150.40. Company 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.

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