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

Key Points

• Shares gapped down — Aston Martin's ADRs opened at $0.4622 after a prior close of $0.49 and were last quoted around $0.4939, with about 51,317 shares traded.
• Analysts lean neutral — Six analysts have the stock rated as a "Hold," including notes from HSBC, Deutsche Bank, and a downgrade from Sanford C. Bernstein.
• Technicals point to weakness — The stock is trading well below its 50‑day ($0.68) and 200‑day ($0.80) simple moving averages, indicating a sustained downtrend.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $0.49, but opened at $0.4622. Aston Martin Lagonda Global shares last traded at $0.4939, with a volume of 51,317 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on ARGGY. HSBC reiterated a "hold" rating on shares of Aston Martin Lagonda Global in a report on Tuesday, January 13th. 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Aston Martin Lagonda Global Stock Down 1.5%

The company has a fifty day simple moving average of $0.68 and a two-hundred day simple moving average of $0.80.

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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