Alstom (OTCMKTS:ALSMY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Alstom SA (OTCMKTS:ALSMY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.21 and traded as low as $2.09. Alstom shares last traded at $2.13, with a volume of 425,465 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALSMY shares. The Goldman Sachs Group cut Alstom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 7th. Citigroup downgraded shares of Alstom from a “strong-buy” rating to a “neutral” rating in a research report on Monday, March 10th.

Alstom Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 0.96. The company has a fifty day moving average price of $2.21 and a 200-day moving average price of $2.16.

Alstom Company Profile

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.