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

Alstom ADR (OTCMKTS:ALSMY)’s share price hit 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. The stock had previously closed at $2.78.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALSMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a research report on Friday, November 14th. Barclays reissued an “underweight” rating on shares of Alstom in a research note on Wednesday, December 3rd. Finally, Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Alstom Stock Up 0.3%

The firm has a 50 day moving average of $2.58 and a 200 day moving average of $2.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.75 and a current ratio of 0.97.

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.