Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Down 5.1% – Time to Sell?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares fell 5.1% on Wednesday . The company traded as low as $0.5836 and last traded at $0.5836. 6,208 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 57,282 shares. The stock had previously closed at $0.6148.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARGGY. Citigroup reiterated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Friday. Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The stock’s 50 day moving average is $0.56 and its 200 day moving average is $0.71.

About Aston Martin Lagonda Global

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.