Alstom (OTCMKTS:ALSMY) Sets New 1-Year High – What’s Next?

Shares of Alstom ADR (OTCMKTS:ALSMY) reached a new 52-week high during trading on Wednesday . The company traded as high as $2.89 and last traded at $2.88, with a volume of 458827 shares changing hands. The stock had previously closed at $2.89.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alstom in a report on Friday, November 14th. Citigroup upgraded shares of Alstom from a “neutral” rating to a “buy” rating in a research report on Friday, December 5th. Finally, Barclays reissued an “underweight” rating on shares of Alstom in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Alstom Trading Down 0.3%

The stock’s 50-day moving average is $2.59 and its 200 day moving average is $2.44. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31.

About Alstom

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.