Aston Martin Lagonda Global (OTCMKTS:ARGGY) Hits New 12-Month Low – Time to Sell?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $0.5350 and last traded at $0.5499, with a volume of 154860 shares trading hands. The stock had previously closed at $0.60.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. HSBC reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a report on Tuesday, January 13th. The Goldman Sachs Group initiated coverage on shares of Aston Martin Lagonda Global in a research report on Sunday, November 23rd. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a report on Monday, February 23rd. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Aston Martin Lagonda Global presently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The stock’s 50-day moving average is $0.80 and its 200-day moving average is $0.86.

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.