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

Aston Martin Lagonda Global Holdings plc (LON:AML) shares 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 traded hands during 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. restated a “neutral” rating and issued a GBX 160 ($2.03) target price on shares of Aston Martin Lagonda Global in a research report on Wednesday, February 19th.

Aston Martin Lagonda Global Stock Performance

The company’s 50 day simple moving average is GBX 108.02 and its 200 day simple moving average is GBX 119.96. The stock has a market cap of £913.74 million, a price-to-earnings ratio of -1.95, a PEG ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88.

Insider Activity at Aston Martin Lagonda Global

In other news, insider Michael de Picciotto bought 1,714,340 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average cost of GBX 100 ($1.27) per share, with a total value of £1,714,340 ($2,172,801.01). Company 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.