Alstom (OTCMKTS:ALSMY) Shares Gap Up – Here’s Why

Alstom ADR (OTCMKTS:ALSMY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.08, but opened at $2.24. Alstom shares last traded at $2.24, with a volume of 18,317 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ALSMY shares. Citigroup cut Alstom from a “strong-buy” rating to a “neutral” rating in a report on Monday, March 10th. DZ Bank upgraded shares of Alstom from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Alstom Trading Down 1.1%

The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $2.21 and its 200-day moving average price is $2.19.

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.