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

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. HSBC reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein cut Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The firm’s 50-day moving average is $0.56 and its two-hundred day moving average 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.