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

Aston Martin Lagonda Global Holdings plc (LON:AML)’s share price traded down 12% on Wednesday . The company traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). 18,402,646 shares changed hands 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. reissued a “neutral” rating and set 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 Trading Down 12.0 %

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 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 firm has a 50 day simple moving average of GBX 108.02 and a 200 day simple moving average of GBX 119.96.

Insider Transactions at Aston Martin Lagonda Global

In other news, insider Michael de Picciotto purchased 1,714,340 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 100 ($1.27) per share, with a total value 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.