Aston Martin Lagonda Global (LON:AML) Stock Falls 10% – Here’s What Happened

Shares of Aston Martin Lagonda Global Holdings plc (LON:AML) traded down 10% during mid-day trading on Tuesday. The company traded as low as GBX 36.80 and last traded at GBX 37.22. Approximately 5,864,552 shares were traded during trading, a decline of 21% from the average session volume of 7,465,578 shares. The stock had previously closed at GBX 41.34.

Analyst Ratings Changes

Several research firms recently weighed in on AML. Deutsche Bank Aktiengesellschaft lowered their target price on Aston Martin Lagonda Global from GBX 45 to GBX 40 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 41 price target on shares of Aston Martin Lagonda Global in a research report on Thursday, July 30th. Finally, Citigroup cut their price objective on Aston Martin Lagonda Global from GBX 55 to GBX 40 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Aston Martin Lagonda Global has an average rating of “Hold” and a consensus target price of GBX 44.75.

Aston Martin Lagonda Global Stock Performance

The firm has a market capitalization of £358.47 million, a PE ratio of -0.71, a price-to-earnings-growth ratio of 0.03 and a beta of 1.94. The company has a debt-to-equity ratio of 893.66, a quick ratio of 0.71 and a current ratio of 0.93. The business’s fifty day simple moving average is GBX 34.61 and its 200-day simple moving average is GBX 38.68.

Aston Martin Lagonda Global (LON:AML) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX (15.20) EPS for the quarter. Aston Martin Lagonda Global had a negative return on equity of 166.57% and a negative net margin of 36.66%. As a group, equities research analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.08 EPS for the current year.

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. Aston Martin fuses the latest technology, time honoured craftsmanship and beautiful styling to produce a range of critically acclaimed luxury models including the Vantage, DB12, Vanquish, DBX and its first mid-engined plug-in hybrid, Valhalla.