Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down – Here’s Why

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) gapped down prior to trading on Wednesday . The stock had previously closed at $0.8450, but opened at $0.7782. Aston Martin Lagonda Global shares last traded at $0.8219, with a volume of 1,030 shares trading hands.

Wall Street Analysts Forecast Growth

ARGGY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Wednesday, October 1st. The Goldman Sachs Group started coverage on Aston Martin Lagonda Global in a report on Sunday, November 23rd. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Aston Martin Lagonda Global currently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The stock’s 50-day moving average is $0.81 and its 200-day moving average is $0.94.

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.