AO World (LON:AO) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• AO World shares fell below their 200-day moving average of GBX 92.35, reaching GBX 89.50 before closing at GBX 92 on trading volume of about 2.37 million shares.
• Analysts remain positive, with a consensus “Buy” rating and an average price target of GBX 148.50; Jefferies reiterated its Buy rating with a GBX 160 target.
• Insiders sold shares worth a combined £282,730 in August, while insiders collectively retain a substantial 47.09% ownership stake in the company.

AO World plc (LON:AO - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 92.35 and traded as low as GBX 89.50. AO World shares last traded at GBX 92, with a volume of 2,368,309 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a "buy" rating and set a GBX 160 price objective on shares of AO World in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AO World currently has a consensus rating of "Buy" and an average target price of GBX 148.50.

AO World Price Performance

The stock has a market capitalization of £540.83 million, a price-to-earnings ratio of 21.21, a PEG ratio of -2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 36.92, a quick ratio of 0.48 and a current ratio of 1.09. The company has a fifty day simple moving average of GBX 94.53 and a two-hundred day simple moving average of GBX 92.35.

AO World (LON:AO - Get Free Report) last released its earnings results on Wednesday, June 17th. The company reported GBX 6.36 earnings per share for the quarter. The firm had revenue of GBX 126.66 billion during the quarter. AO World had a return on equity of 21.65% and a net margin of 2.83%. As a group, equities research analysts expect that AO World plc will post 4.8263419 earnings per share for the current fiscal year.

Insider Activity

In other AO World news, insider Mark Higgins sold 105,340 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 183,160 shares of the firm's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of GBX 98, for a total transaction of £179,496.80. 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.

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