Alstom (OTCMKTS:ALSMY) Sets New 52-Week High – Time to Buy?

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

Analysts Set New Price Targets

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

Alstom Stock Down 0.3%

The business has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $2.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.75.

Alstom Company Profile

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.