Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 8.9% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) fell 8.9% during trading on Friday . The stock traded as low as $0.5159 and last traded at $0.5159. 1,699 shares traded hands during trading, a decline of 97% from the average session volume of 56,017 shares. The stock had previously closed at $0.5665.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARGGY. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Friday, May 15th. Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, May 14th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Down 4.1%

The firm’s 50 day moving average is $0.59 and its 200-day moving average is $0.69.

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.