Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down - Time to Sell?

Key Points

• Aston Martin's ADR gapped down premarket — the stock closed at $0.59, opened at $0.5672 and last traded at $0.6018 on very light volume (365 shares).
• Analyst sentiment is muted: six analysts have a Hold rating overall, with Deutsche Bank and HSBC reaffirming holds and Sanford C. Bernstein downgrading from strong-buy to hold.
• Technically the stock is weak, trading below both its 50-day ( $0.62 ) and 200-day ( $0.76 ) simple moving averages.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $0.59, but opened at $0.5672. Aston Martin Lagonda Global shares last traded at $0.6018, with a volume of 365 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on ARGGY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. HSBC reaffirmed a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein downgraded shares of Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 11th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Aston Martin Lagonda Global has an average rating of "Hold".

Aston Martin Lagonda Global Stock Up 0.5%

The company's 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.76.

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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