Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 9.4% - Here's Why

Key Points

• Aston Martin Lagonda Global shares fell by 9.4%, closing at $0.96, significantly lower than the previous day's close of $1.06.
• The stock experienced a trading volume decline of 79%, with only 21,867 shares exchanged compared to an average of 101,801.
• Analysts maintain an average hold rating on the stock, with Deutsche Bank and Zacks Research reaffirming this position in recent reports.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) shares fell 9.4% on Monday . The stock traded as low as $0.96 and last traded at $0.96. 21,867 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 101,801 shares. The stock had previously closed at $1.06.

Wall Street Analysts Forecast Growth

ARGGY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Wednesday, October 1st. Zacks Research raised shares of Aston Martin Lagonda Global to a "hold" rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Aston Martin Lagonda Global Price Performance

The firm's fifty day moving average price is $0.99 and its 200-day moving average price is $0.99.

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global Holdings plc engages in the design, development, manufacture, and marketing of luxury sports cars worldwide. It also engages in the sale of parts; sale of vehicles; servicing and restoration of vehicles; and brand licensing and motorsport activities. The company sells its vehicles through a network of dealers.

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