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

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) gapped down before the market opened on Tuesday . The stock had previously closed at $0.8002, but opened at $0.77. Aston Martin Lagonda Global shares last traded at $0.77, with a volume of 115,564 shares trading hands.

Wall Street Analysts Forecast Growth

ARGGY has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Aston Martin Lagonda Global in a research note on Sunday. They issued a “hold” rating for the company. Zacks Research upgraded Aston Martin Lagonda Global to a “hold” rating in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The company has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.97.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global Holdings plc engages in the design, development, manufacture, and marketing of luxury sports cars worldwide. It also engages in the sale of parts; sale of vehicles; servicing and restoration of vehicles; and brand licensing and motorsport activities. The company sells its vehicles through a network of dealers.