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

Key Points

• ARGGY gapped up pre-market — it had closed at $0.5499, opened at $0.6054 and last traded at $0.5609 on a volume of 16,821 shares.
• Brokerages have largely set a Hold stance: Sanford C. Bernstein downgraded from "strong-buy" to "hold" and Deutsche Bank and HSBC reissued "hold," with six analysts rating the stock as Hold on average.
• Technical picture: the 50-day simple moving average is $0.57 while the 200-day SMA is $0.73, indicating the stock remains below its longer-term trend.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $0.5499, but opened at $0.6054. Aston Martin Lagonda Global shares last traded at $0.5609, with a volume of 16,821 shares changing hands.

Analysts Set New Price Targets

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

Aston Martin Lagonda Global Price Performance

The stock has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $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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