Aston Martin Lagonda Global (LON:AML) Trading Down 12% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc (LON:AML) shares fell 12% during mid-day trading on Wednesday . The company traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). 18,402,646 shares were traded during mid-day trading, an increase of 418% from the average session volume of 3,555,313 shares. The stock had previously closed at GBX 110.20 ($1.40).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 160 ($2.03) price target on shares of Aston Martin Lagonda Global in a research note on Wednesday, February 19th.

Aston Martin Lagonda Global Stock Down 12.0 %

The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38. The firm has a market capitalization of £913.74 million, a price-to-earnings ratio of -1.95, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The firm has a 50 day moving average price of GBX 108.02 and a two-hundred day moving average price of GBX 119.96.

Insider Transactions at Aston Martin Lagonda Global

In related news, insider Michael de Picciotto acquired 1,714,340 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,172,801.01). Insiders own 55.55% of the company’s stock.

About Aston Martin Lagonda Global

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.