Aston Martin Lagonda Global (LON:AML) Stock Price Down 10.1% - Here's What Happened

Key Points

• Aston Martin Lagonda Global experienced a significant drop in stock price, falling 10.1% during mid-day trading, closing at GBX 73.10 ($0.99).
• Brokerage reports showed a target price reduction from JPMorgan Chase from GBX 90 to GBX 75, while Deutsche Bank maintained a "hold" rating with a target of GBX 95.
• The company reported a negative net margin of 21.42% and a negative return on equity of 48.19%, indicating ongoing financial challenges.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s share price fell 10.1% during mid-day trading on Monday . The company traded as low as GBX 71.95 ($0.97) and last traded at GBX 73.10 ($0.99). 4,583,481 shares changed hands during trading, an increase of 39% from the average session volume of 3,299,495 shares. The stock had previously closed at GBX 81.30 ($1.10).

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AML. JPMorgan Chase & Co. dropped their target price on shares of Aston Martin Lagonda Global from GBX 90 to GBX 75 and set a "neutral" rating for the company in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 95 price objective on shares of Aston Martin Lagonda Global in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 85.

Aston Martin Lagonda Global Stock Down 0.5%

The company has a market cap of £736.02 million, a P/E ratio of -249.07, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38. The firm's 50 day moving average price is GBX 75.88 and its 200-day moving average price is GBX 75.68.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX (14.60) earnings per share (EPS) for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. As a group, equities research analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 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.

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