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

Key Points

• Aston Martin (ARGGY) gapped up pre-market, opening at $0.5368 versus the prior close of $0.48 and last trading at $0.5410, representing roughly an 11.2% intraday increase on volume of 23,306 shares.
• Analyst consensus is "Hold"—six analysts currently rate the stock as Hold, with firms like Goldman Sachs, Deutsche Bank and HSBC reiterating holds and Sanford C. Bernstein downgrading from Strong-Buy to Hold.
• Despite the gap up, the stock remains below key technical levels, trading under its 50-day moving average of $0.73 and 200-day moving average of $0.82.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $0.48, but opened at $0.5368. Aston Martin Lagonda Global shares last traded at $0.5410, with a volume of 23,306 shares traded.

Wall Street Analysts Forecast Growth

ARGGY has been the subject of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Aston Martin Lagonda Global in a report on Sunday, November 23rd. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Aston Martin Lagonda Global in a report on Monday, February 23rd. HSBC restated a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein lowered Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Aston Martin Lagonda Global Stock Up 11.2%

The business's 50 day moving average is $0.73 and its 200-day moving average is $0.82.

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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