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

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $0.5722, but opened at $0.5409. Aston Martin Lagonda Global shares last traded at $0.5409, with a volume of 492 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Citigroup reissued a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued 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 Stock Down 0.8%

The stock’s 50 day moving average price is $0.59 and its 200 day moving average price is $0.69.

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.