Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Down 8% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGYGet Free Report)’s share price fell 8% during mid-day trading on Friday . The company traded as low as $0.60 and last traded at $0.60. 60,128 shares traded hands during trading, an increase of 6% from the average session volume of 56,547 shares. The stock had previously closed at $0.6522.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARGGY. Sanford C. Bernstein lowered shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Citigroup reiterated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated 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, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Check Out Our Latest Analysis on Aston Martin Lagonda Global

Aston Martin Lagonda Global Stock Performance

The stock’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.71.

Aston Martin Lagonda Global Company Profile

(Get Free Report)

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.

Further Reading

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