AO World (LON:AO) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

AO World plc (LON:AO) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 101.90 and traded as low as GBX 87.30. AO World shares last traded at GBX 88.10, with a volume of 294,035 shares.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt restated a “buy” rating and set a GBX 137 target price on shares of AO World in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, AO World presently has an average rating of “Moderate Buy” and an average target price of GBX 121.

AO World Price Performance

The company has a market capitalization of £508.26 million, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of -2.13 and a beta of 1.24. The company has a 50-day moving average price of GBX 101.46 and a 200-day moving average price of GBX 101.92. 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 related news, insider Chris Hopkinson sold 700,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of GBX 107, for a total transaction of £749,000. Also, insider John Roberts sold 2,500,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of GBX 105, for a total transaction of £2,625,000. Insiders have sold 4,200,000 shares of company stock valued at $444,400,000 over the last ninety days. 47.09% of the stock is owned by insiders.

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.