Aston Martin Lagonda Global (OTCMKTS:ARGGY) Reaches New 1-Year Low – Time to Sell?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares reached a new 52-week low during trading on Thursday . The company traded as low as $0.52 and last traded at $0.5251, with a volume of 39308 shares traded. The stock had previously closed at $0.5434.

Analysts Set New Price Targets

ARGGY has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Aston Martin Lagonda Global in a research note on Sunday, November 23rd. They set a “hold” rating for the company. HSBC reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Sanford C. Bernstein lowered shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The firm has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $0.83.

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.