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

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued 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 Trading Down 12.4 %

The business has a 50 day moving average of GBX 107.83 and a 200-day moving average of GBX 119.68. 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 £800.70 million, a P/E ratio of -1.71, a PEG ratio of 0.03 and a beta of 2.00.

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

Insiders Place Their Bets

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, with a total value of £1,714,340 ($2,174,178.82). 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.