Zacks Investment Research Lowers AO World (OTCMKTS:AOWDF) to Hold

Zacks Investment Research cut shares of AO World (OTCMKTS:AOWDF) from a buy rating to a hold rating in a report issued on Monday, reports.

According to Zacks, “AO World Plc operates as an online retailer of domestic appliances primarily in the United Kingdom. The Company sells washing machines, washer dryers, tumble dryers, dishwashers, fridges and freezers, ovens, cookers, range cookers, cooker hoods, extractor fans, hobs, and microwaves, as well as coffee machines, kettles and toasters, food preparation products, irons, small cooking appliances and microwaves. AO World Plc is headquartered in Bolton, the United Kingdom. “

Shares of AO World stock opened at $1.00 on Monday. The company has a 50 day moving average of $1.02 and a 200-day moving average of $1.28. AO World has a 1-year low of $0.95 and a 1-year high of $1.50.

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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