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

Aston Martin Lagonda Global Holdings plc (LON:AML) shares fell 12% on Wednesday . The stock traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). 18,402,646 shares changed hands during 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 issued a GBX 160 ($2.03) target price on shares of Aston Martin Lagonda Global in a research report on Wednesday, February 19th.

Aston Martin Lagonda Global Stock Performance

The company’s 50 day moving average is GBX 108.02 and its 200 day moving average is GBX 119.96. The firm has a market cap of £913.74 million, a P/E ratio of -1.95, a P/E/G ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88.

Insider Activity

In other news, insider Michael de Picciotto purchased 1,714,340 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,172,801.01). 55.55% of the stock is currently owned by insiders.

Aston Martin Lagonda Global Company Profile

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.