Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 9.2% – Should You Sell?

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) dropped 9.2% on Wednesday . The stock traded as low as $0.77 and last traded at $0.77. Approximately 13,793 shares traded hands during trading, a decline of 49% from the average daily volume of 27,184 shares. The stock had previously closed at $0.8480.

Analyst Ratings Changes

ARGGY has been the topic of several recent research reports. The Goldman Sachs Group started coverage on Aston Martin Lagonda Global in a research report on Sunday, November 23rd. They issued a “hold” rating on the stock. HSBC reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Aston Martin Lagonda Global has a consensus rating of “Hold”.

Aston Martin Lagonda Global Trading Down 1.2%

The stock’s 50-day simple moving average is $0.83 and its two-hundred day simple moving average is $0.88.

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.