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

Key Points

• Aston Martin shares gapped down, opening at $0.5290 on Monday after closing at $0.5645, with 12,837 shares trading.
• Analysts have a consensus "Hold" rating on the stock after recent notes from HSBC and Deutsche Bank and Sanford C. Bernstein cutting its rating to Hold, while Goldman Sachs initiated coverage at Hold.
• The stock is trading below key technicals, with a 50-day moving average of $0.76 and a 200-day moving average of $0.83, signaling persistent weakness.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $0.5645, but opened at $0.5290. Aston Martin Lagonda Global shares last traded at $0.5290, with a volume of 12,837 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC restated 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 note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group assumed coverage on Aston Martin Lagonda Global in a research note on Sunday, November 23rd. They set a "hold" rating for the company. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Aston Martin Lagonda Global presently has a consensus rating of "Hold".

Aston Martin Lagonda Global Stock Performance

The company's 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.83.

Aston Martin Lagonda Global Company Profile

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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