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

Aston Martin Lagonda Global Holdings plc (LON:AML)’s share price fell 12% during mid-day trading on Thursday . The stock traded as low as GBX 84.50 ($1.07) and last traded at GBX 85.35 ($1.08). 22,656,773 shares traded hands during mid-day trading, an increase of 463% from the average session volume of 4,021,248 shares. The stock had previously closed at GBX 97 ($1.23).

Analyst Ratings Changes

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

Aston Martin Lagonda Global Price Performance

The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88. The company’s 50 day moving average price is GBX 107.83 and its 200 day moving average price is GBX 119.68. The company has a market cap of £800.70 million, a price-to-earnings ratio of -1.71, a P/E/G ratio of 0.03 and a beta of 2.00.

Aston Martin Lagonda Global (LON:AML) last issued its earnings results on Wednesday, February 26th. The company reported GBX (34.80) (($0.44)) EPS for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. On average, equities research analysts predict that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael de Picciotto purchased 1,714,340 shares of Aston Martin Lagonda Global stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,174,178.82). 55.55% of the stock is owned by corporate insiders.

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.