AO World (LON:AO) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• AO World shares moved above their 50-day moving average of GBX 91.27, reaching GBX 94.50 before last trading at GBX 92.20.
• Jefferies cut its price target from GBX 160 to GBX 155 but maintained a Buy rating; MarketBeat reports a consensus Buy rating and average target of GBX 146.
• Insiders sold 3,906,575 shares over the past 90 days, including a sale of 3,618,075 shares by John Roberts; insiders retain 47.09% ownership.

AO World plc (LON:AO - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 91.27 and traded as high as GBX 94.50. AO World shares last traded at GBX 92.20, with a volume of 518,955 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped their target price on AO World from GBX 160 to GBX 155 and set a "buy" rating on the stock in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 146.

AO World Price Performance

The company has a 50-day simple moving average of GBX 91.27 and a 200-day simple moving average of GBX 93.53. The stock has a market cap of £532.10 million, a PE ratio of 20.86, a PEG ratio of -2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 36.92, a current ratio of 1.09 and a quick ratio of 0.48.

Insider Buying and Selling at AO World

In other news, insider John Roberts sold 3,618,075 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of GBX 83, for a total transaction of £3,003,002.25. Also, insider Mark Higgins sold 105,340 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 98, for a total transaction of £103,233.20. Insiders have sold a total of 3,906,575 shares of company stock worth $328,573,225 over the last 90 days. Insiders own 47.09% of the company's stock.

AO World Company Profile

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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