Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down – Here’s Why

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $0.4965, but opened at $0.4419. Aston Martin Lagonda Global shares last traded at $0.4986, with a volume of 2,995 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on ARGGY. Citigroup reissued a “neutral” rating on shares of Aston Martin Lagonda Global in a report on Friday, May 15th. 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 MarketBeat, the stock currently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The stock has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.64.

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.