Aston Martin Lagonda Global (LON:AML) Stock Price Down 11.3% – Here’s What Happened

Shares of Aston Martin Lagonda Global Holdings plc (LON:AML) were down 11.3% during mid-day trading on Wednesday . The stock traded as low as GBX 96.40 ($1.22) and last traded at GBX 97.75 ($1.24). Approximately 23,256,102 shares traded hands during mid-day trading, an increase of 533% from the average daily volume of 3,676,649 shares. The stock had previously closed at GBX 110.20 ($1.40).

Analyst Upgrades and Downgrades

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

Aston Martin Lagonda Global Trading Down 14.0 %

The company’s 50 day moving average price is GBX 108.02 and its 200 day moving average price is GBX 119.96. The firm has a market cap of £892.54 million, a PE ratio of -1.90, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a current ratio of 0.88 and a quick ratio of 0.71.

Insiders Place Their Bets

In related news, insider Michael de Picciotto acquired 1,714,340 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was acquired 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.