Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 4.7% – Should You Sell?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) was down 4.7% on Monday . The stock traded as low as $0.51 and last traded at $0.5107. 19,313 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 60,720 shares. The stock had previously closed at $0.5357.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARGGY. Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Aston Martin Lagonda Global currently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The firm has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.66.

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.