Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Up - Time to Buy?

Key Points

• Aston Martin (OTCMKTS: ARGGY) shares gapped up on Wednesday, opening at $0.5816 after a $0.55 close and trading at $0.5816 on volume of 852 shares (the article also notes the stock was trading up about 1.0%).
• Analysts are broadly cautious: six analysts currently rate the stock "Hold", with Deutsche Bank and HSBC reissuing holds and Sanford C. Bernstein downgrading from "strong-buy" to "hold", giving an average rating of Hold.
• The stock's short- and long-term moving averages are divergent, with a 50-day MA of $0.58 versus a 200-day MA of $0.73; Aston Martin is described as a British luxury performance automaker producing models like the DB series, Vantage, DBX SUV and limited hypercars, with Lagonda developing all-electric luxury vehicles.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $0.55, but opened at $0.5816. Aston Martin Lagonda Global shares last traded at $0.5816, with a volume of 852 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. Sanford C. Bernstein downgraded shares of Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Finally, HSBC reissued a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Aston Martin Lagonda Global presently has an average rating of "Hold".

Aston Martin Lagonda Global Trading Up 1.0%

The firm's 50-day moving average price is $0.58 and its 200 day moving average price is $0.73.

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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