Aston Martin Lagonda Global (OTCMKTS:ARGGY) Sets New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

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

Aston Martin Lagonda Global Stock Down 6.9%

The business has a 50 day moving average of $0.77 and a two-hundred day moving average of $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.