Aston Martin Lagonda Global (OTCMKTS:ARGGY) Hits New 12-Month Low – What’s Next?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares hit a new 52-week low during trading on Friday . The company traded as low as $0.5293 and last traded at $0.5293, with a volume of 46095 shares changing hands. The stock had previously closed at $0.5645.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. HSBC reissued a “hold” rating on shares of Aston Martin Lagonda Global in a report on Tuesday, January 13th. The Goldman Sachs Group started coverage on Aston Martin Lagonda Global in a research report on Sunday, November 23rd. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The business’s 50-day moving average price is $0.77 and its two-hundred day moving average price is $0.84.

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.