Insider Selling: AO World PLC (LON:AO) Insider Sells 227,974 Shares of Stock

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AO World PLC (LON:AO) insider Mark Higgins sold 227,974 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of GBX 195 ($2.55), for a total value of £444,549.30 ($581,186.17).

Shares of LON:AO traded down GBX 3.20 ($0.04) during trading on Thursday, hitting GBX 193.20 ($2.53). 472,205 shares of the company’s stock traded hands, compared to its average volume of 174,009. The company has a current ratio of 0.80, a quick ratio of 0.47 and a debt-to-equity ratio of 133.00. The company has a 50-day moving average price of GBX 164.61 and a 200-day moving average price of GBX 105.86. AO World PLC has a 52 week low of GBX 46.67 ($0.61) and a 52 week high of GBX 216.70 ($2.83). The company has a market cap of $924.54 million and a price-to-earnings ratio of 491.00.

A number of analysts have recently commented on AO shares. JPMorgan Chase & Co. upped their price target on AO World from GBX 101 ($1.32) to GBX 120 ($1.57) and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Jefferies Financial Group upgraded shares of AO World to a “buy” rating and boosted their price objective for the company from GBX 110 ($1.44) to GBX 165 ($2.16) in a report on Friday, May 29th. Finally, Shore Capital reiterated a “hold” rating on shares of AO World in a report on Tuesday, July 21st.

About AO World

AO World plc, together with its subsidiaries, operates as an online retailer of domestic appliances and consumer electronics in the United Kingdom, Germany, and the Netherlands. It also provides logistics and transport services; and ancillary services, such as delivery, connection and disconnection, product protection plan commission, recycling, strategic marketing income, and third-party logistics services, as well as engages in the investment activities.

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