Aston Martin Lagonda Global (OTCMKTS:ARGGY) Reaches New 52-Week Low – Time to Sell?

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares hit a new 52-week low during trading on Friday . The company traded as low as $0.4741 and last traded at $0.4741, with a volume of 57725 shares changing hands. The stock had previously closed at $0.4950.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARGGY shares. HSBC reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Monday, February 23rd. Finally, Sanford C. Bernstein cut Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

The company’s 50 day moving average price is $0.70 and its 200-day moving average price is $0.81.

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.