Alstom (OTCMKTS:ALSMY) Reaches New 52-Week High – Here’s Why

Alstom ADR (OTCMKTS:ALSMY) hit a new 52-week high on Wednesday . The company traded as high as $3.31 and last traded at $3.31, with a volume of 3348 shares trading hands. The stock had previously closed at $3.23.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays reiterated an “underweight” rating on shares of Alstom in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a research report on Tuesday, January 6th. Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a report on Friday, December 5th. Finally, Kepler Capital Markets cut Alstom from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alstom has an average rating of “Moderate Buy”.

Alstom Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $2.90 and its 200-day moving average price is $2.62.

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.