Alstom (OTCMKTS:ALSMY) Hits New 12-Month High – Here’s Why

Shares of Alstom ADR (OTCMKTS:ALSMY) reached a new 52-week high on Thursday . The stock traded as high as $2.89 and last traded at $2.8545, with a volume of 173262 shares traded. The stock had previously closed at $2.78.

Analysts Set New Price Targets

Several research firms have issued reports on ALSMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a report on Friday, November 14th. Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. Finally, Barclays reiterated an “underweight” rating on shares of Alstom in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Alstom presently has an average rating of “Hold”.

Alstom Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.75. The stock has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $2.42.

About Alstom

Alstom SA provides solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, cybersecurity, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.