Aston Martin Lagonda Global (LON:AML) Shares Down 14.1% – Here’s Why

Aston Martin Lagonda Global Holdings plc (LON:AML) shares dropped 14.1% during mid-day trading on Wednesday . The company traded as low as GBX 94.05 ($1.19) and last traded at GBX 94.62 ($1.20). Approximately 26,460,350 shares changed hands during mid-day trading, an increase of 604% from the average daily volume of 3,756,755 shares. The stock had previously closed at GBX 110.20 ($1.40).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated a “neutral” rating and set 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 Price Performance

The firm has a market cap of £907.14 million, a price-to-earnings ratio of -1.93, a P/E/G ratio of 0.03 and a beta of 2.00. The business has a 50 day simple moving average of GBX 108.02 and a 200-day simple moving average of GBX 119.96. 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 acquired 1,714,340 shares of Aston Martin Lagonda Global stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of GBX 100 ($1.27) per share, with a total value of £1,714,340 ($2,172,801.01). 55.55% of the stock is currently owned by insiders.

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.