Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Down 5.1% – Here’s Why

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGYGet Free Report) were down 5.1% during mid-day trading on Wednesday . The stock traded as low as $0.5836 and last traded at $0.5836. Approximately 6,208 shares changed hands during trading, a decline of 89% from the average daily volume of 57,282 shares. The stock had previously closed at $0.6148.

Analyst Ratings Changes

Several brokerages recently weighed in on ARGGY. Sanford C. Bernstein lowered Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Thursday, May 14th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Report on ARGGY

Aston Martin Lagonda Global Price Performance

The stock has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.71.

About Aston Martin Lagonda Global

(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.

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