Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 9.2% – What’s Next?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY)’s share price dropped 9.2% during mid-day trading on Wednesday . The company traded as low as $0.77 and last traded at $0.77. Approximately 13,793 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 27,184 shares. The stock had previously closed at $0.8480.

Wall Street Analyst Weigh In

ARGGY has been the subject of several recent analyst reports. HSBC restated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. The Goldman Sachs Group began coverage on Aston Martin Lagonda Global in a report on Sunday, November 23rd. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global presently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The business’s 50-day simple moving average is $0.83 and its 200-day simple moving average is $0.88.

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.