Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Down 8% – Here’s Why

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY)’s stock price fell 8% during trading on Friday . The stock traded as low as $0.60 and last traded at $0.60. 60,128 shares were traded during mid-day trading, an increase of 6% from the average session volume of 56,547 shares. The stock had previously closed at $0.6522.

Analyst Upgrades and Downgrades

ARGGY has been the subject of several analyst reports. Sanford C. Bernstein downgraded Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Citigroup reiterated a “neutral” rating on shares of Aston Martin Lagonda Global in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The business’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.71.

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.