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

Key Points

• Price gap: ARGGY gapped down from a prior close of $0.58 to an open of $0.54, and last traded at $0.5782 on volume of 169,250 shares.
• Analyst consensus is "Hold": Goldman Sachs initiated coverage with a hold and Deutsche Bank and HSBC reaffirmed holds, leaving an average rating of "Hold" from five analysts.
• Technical weakness: the stock is trading below its 50-day ($0.78) and 200-day ($0.85) simple moving averages.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $0.58, but opened at $0.54. Aston Martin Lagonda Global shares last traded at $0.5782, with a volume of 169,250 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on ARGGY. The Goldman Sachs Group began coverage on shares of Aston Martin Lagonda Global in a research note on Sunday, November 23rd. They set a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Finally, HSBC reaffirmed a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Aston Martin Lagonda Global Stock Performance

The business's 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.85.

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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