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

Aston Martin Lagonda Global Holdings plc (LON:AML)’s stock price was down 12% during mid-day 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 traded 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated 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 company has a market cap of £800.70 million, a price-to-earnings ratio of -1.71, a P/E/G ratio of 0.03 and a beta of 2.00. The firm’s fifty day moving average price is GBX 107.83 and its 200-day moving average price is 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 posted its quarterly earnings data 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%. On average, equities analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael de Picciotto purchased 1,714,340 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of GBX 100 ($1.27) per share, with a total value of £1,714,340 ($2,174,178.82). 55.55% of the stock is owned by corporate 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.