Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Price Down 4.2% – Here’s Why

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares dropped 4.2% on Tuesday. The stock traded as low as $0.4160 and last traded at $0.4406. Approximately 8,117 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 22,797 shares. The stock had previously closed at $0.46.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARGGY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a report on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Aston Martin Lagonda Global Stock Down 4.2%

The stock has a fifty day moving average of $0.45 and a 200 day moving average of $0.51.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global Holdings plc is a British luxury automotive company that designs, engineers, manufactures and sells high-performance sports cars, grand touring vehicles and sport utility vehicles. Its products are marketed under the Aston Martin marque, which is known for combining performance, craftsmanship and distinctive design.

The company’s vehicle portfolio includes models such as the Vantage, DB12, Vanquish, DBS, and DBX, along with limited-edition and special-series vehicles.