Aston Martin Lagonda Global (OTCMKTS:ARGGY) Trading Down 9% – Should You Sell?

Shares of Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) fell 9% during trading on Monday . The company traded as low as $0.5001 and last traded at $0.5001. Approximately 8,378 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 55,013 shares. The stock had previously closed at $0.5494.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ARGGY. Sanford C. Bernstein cut shares of Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Citigroup reissued a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Friday, May 15th. 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 data from MarketBeat.com, Aston Martin Lagonda Global currently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Down 0.1%

The firm’s 50 day moving average price is $0.59 and its two-hundred day moving average price is $0.68.

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.