AO World (LON:AO) Shares Cross Above 50-Day Moving Average of $43.55

AO World plc (LON:AOGet Rating) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 43.55 ($0.53) and traded as high as GBX 47.30 ($0.57). AO World shares last traded at GBX 46.04 ($0.56), with a volume of 10,126,764 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AO. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 59 ($0.71) price objective on shares of AO World in a research note on Monday, July 4th. Shore Capital reissued a “not rated” rating on shares of AO World in a research note on Thursday, August 18th. Finally, Jefferies Financial Group raised AO World to a “buy” rating and boosted their target price for the stock from GBX 45 ($0.54) to GBX 65 ($0.79) in a research note on Thursday, August 18th.

AO World Trading Down 2.2 %

The company has a 50-day moving average price of GBX 43.55 and a 200-day moving average price of GBX 66.19. The firm has a market capitalization of £258.92 million and a price-to-earnings ratio of -35.42. The company has a debt-to-equity ratio of 212.16, a quick ratio of 0.42 and a current ratio of 0.76.

About AO World

(Get Rating)

AO World plc, together with its subsidiaries, operates as an online retailer of domestic appliances and consumer electronics in the United Kingdom and Europe. The company retails fridge freezers, cookers and washing machines, and audiovisual equipment, as well as computing, mobile, and gaming products.

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