AO World (LON:AO) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

AO World plc (LON:AO)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 90.34 and traded as high as GBX 90.50. AO World shares last traded at GBX 89.60, with a volume of 428,928 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 160 price objective on shares of AO World in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 134.

AO World Stock Performance

The stock has a market cap of £523.38 million, a price-to-earnings ratio of 20.52, a P/E/G ratio of -2.13 and a beta of 1.22. The business’s fifty day simple moving average is GBX 90.33 and its 200 day simple moving average is GBX 97.20. The company has a debt-to-equity ratio of 36.92, a current ratio of 1.09 and a quick ratio of 0.48.

AO World (LON:AO) last issued its earnings results on Wednesday, June 17th. The company reported GBX 6.36 earnings per share for the quarter. AO World had a net margin of 2.83% and a return on equity of 21.65%. The company had revenue of GBX 126.66 billion for the quarter. On average, research analysts predict that AO World plc will post 4.8263419 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Roberts sold 5,359,056 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 90, for a total transaction of £4,823,150.40. 47.09% of the stock is currently owned by company 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.