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

Shares of Aston Martin Lagonda Global Holdings plc (LON:AML) dropped 14.1% during trading on Wednesday . The stock traded as low as GBX 94.05 ($1.19) and last traded at GBX 94.62 ($1.20). Approximately 26,460,350 shares were traded 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 160 ($2.03) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, February 19th.

Aston Martin Lagonda Global Price Performance

The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88. The company has a market cap of £892.54 million, a price-to-earnings ratio of -1.90, a PEG ratio of 0.03 and a beta of 2.00. The business has a fifty day moving average price of GBX 108.02 and a 200 day moving average price of GBX 119.96.

Insider Transactions 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 that occurred on Friday, November 29th. The shares were acquired at an average price of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,172,801.01). Company 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.