Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 6.5% – Here’s What Happened
by Scott Moore · The Cerbat GemAston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY – Get Free Report) traded down 6.5% on Monday . The company traded as low as $0.5345 and last traded at $0.5361. 24,436 shares were traded during mid-day trading, a decline of 61% from the average session volume of 62,942 shares. The stock had previously closed at $0.5733.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Sanford C. Bernstein lowered Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, HSBC reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Research Report on Aston Martin Lagonda Global
Aston Martin Lagonda Global Trading Down 5.9%
The business has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $0.77.
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.