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

Shares of Aston Martin Lagonda Global Holdings plc (LON:AML) fell 12% on Thursday . 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).

Analyst Upgrades and Downgrades

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

Aston Martin Lagonda Global Stock Performance

The firm has a market capitalization of £806.82 million, a P/E ratio of -1.72, a P/E/G ratio of 0.03 and a beta of 2.00. The stock has a fifty day simple moving average of GBX 107.83 and a two-hundred day simple moving average of GBX 119.68. The company has a debt-to-equity ratio of 179.38, a current ratio of 0.88 and a quick ratio of 0.71.

Aston Martin Lagonda Global (LON:AML) last released its quarterly earnings data 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, research analysts predict that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current year.

Insider Activity

In related news, insider Michael de Picciotto bought 1,714,340 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average price of GBX 100 ($1.27) per share, with a total value of £1,714,340 ($2,174,178.82). Corporate insiders own 55.55% of the company’s stock.

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.