Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Up – Still a Buy?

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) gapped up prior to trading on Friday . The stock had previously closed at $0.5578, but opened at $0.5975. Aston Martin Lagonda Global shares last traded at $0.5975, with a volume of 808 shares.

Analysts Set New Price Targets

ARGGY has been the subject of several recent analyst reports. Sanford C. Bernstein downgraded Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Down 2.8%

The company has a 50 day simple moving average of $0.58 and a two-hundred day simple moving average of $0.70.

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.