Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down – What’s Next?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) gapped down prior to trading on Tuesday . The stock had previously closed at $0.5051, but opened at $0.48. Aston Martin Lagonda Global shares last traded at $0.4945, with a volume of 10,793 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARGGY. Sanford C. Bernstein downgraded shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Finally, HSBC reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Aston Martin Lagonda Global presently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The firm’s 50 day moving average is $0.66 and its 200-day moving average is $0.78.

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.