AO World (LON:AO) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

AO World plc (LON:AO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 110.46 ($1.43) and traded as low as GBX 105.56 ($1.37). AO World shares last traded at GBX 106 ($1.38), with a volume of 113,025 shares trading hands.

AO World Price Performance

The firm has a 50 day moving average price of GBX 109.95 and a two-hundred day moving average price of GBX 110.46. The company has a market cap of £636.31 million, a P/E ratio of 2,650.00, a P/E/G ratio of -2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 51.45, a quick ratio of 0.48 and a current ratio of 0.96.

Insider Activity

In related news, insider Chris Hopkinson sold 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of GBX 117 ($1.52), for a total value of £2,340,000 ($3,038,171.90). Company 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.