Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Down 7.3% - Here's What Happened

Key Points

• Shares fell 7.3% to $0.52 on Thursday, with only about 5,072 shares traded — roughly a 92% drop from the stock's average daily volume of 61,845.
• Analyst sentiment is neutral: six analysts have the stock rated as a "Hold", including a downgrade from Sanford C. Bernstein and reissued holds from HSBC and Deutsche Bank.
• The stock is trading below its technical benchmarks, sitting under the 50-day moving average of $0.57 and the 200-day moving average of $0.73, signaling short- and long-term weakness.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report)'s stock price dropped 7.3% during trading on Thursday . The company traded as low as $0.52 and last traded at $0.52. Approximately 5,072 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 61,845 shares. The stock had previously closed at $0.5607.

Analysts Set New Price Targets

ARGGY has been the topic of a number of recent analyst reports. HSBC reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Sanford C. Bernstein lowered shares of Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. 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 Stock Performance

The company's fifty day moving average is $0.57 and its 200-day moving average is $0.73.

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.

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