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

Aston Martin Lagonda Global Holdings plc (LON:AML)’s stock price fell 12% during mid-day trading on Wednesday . The stock traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). 18,402,646 shares were traded 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed 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 Price Performance

The company has a market capitalization of £913.74 million, a P/E ratio of -1.95, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The business’s 50-day moving average is GBX 108.02 and its two-hundred day moving average is GBX 119.96. The company has a quick ratio of 0.71, a current ratio of 0.88 and a debt-to-equity ratio of 179.38.

Insiders Place Their Bets

In other Aston Martin Lagonda Global news, insider Michael de Picciotto bought 1,714,340 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost 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.

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.