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

Aston Martin Lagonda Global Holdings plc (LON:AML) shares were down 12% during mid-day trading on Wednesday . The company traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). Approximately 18,402,646 shares were traded during trading, an increase of 418% from the average daily volume of 3,555,313 shares. The stock had previously closed at GBX 110.20 ($1.40).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued 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 stock’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. The company has a market capitalization of £913.74 million, a PE ratio of -1.95, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00.

Insider Activity at Aston Martin Lagonda Global

In related 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 bought at an average cost of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,172,801.01). 55.55% of the stock is 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.