AO World (LON:AO) Share Price Passes Above 50 Day Moving Average – Should You Sell?

AO World plc (LON:AO) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 96.31 and traded as high as GBX 109.60. AO World shares last traded at GBX 106.40, with a volume of 477,522 shares changing hands.

Analyst Upgrades and Downgrades

AO has been the topic of a number of research analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 137 target price on shares of AO World in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft lowered AO World to a “hold” rating and cut their price objective for the stock from GBX 135 to GBX 105 in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, AO World has a consensus rating of “Moderate Buy” and a consensus price target of GBX 121.

AO World Stock Up 0.4%

The stock has a market cap of £618.75 million, a PE ratio of 24.26, a price-to-earnings-growth ratio of -2.13 and a beta of 1.06. The firm has a fifty day moving average of GBX 96.31 and a 200 day moving average of GBX 96.36. The company has a quick ratio of 0.48, a current ratio of 0.95 and a debt-to-equity ratio of 43.05.

Insider Buying and Selling at AO World

In related news, insider Chris Hopkinson sold 500,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of GBX 88, for a total value of £440,000. Also, insider John Roberts sold 414,851 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of GBX 97, for a total value of £402,405.47. Insiders sold 1,218,053 shares of company stock worth $114,433,777 in the last three months. 47.09% of the stock is currently owned by corporate 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.