Alstom (OTCMKTS:ALSMY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Alstom SA (OTCMKTS:ALSMY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.09 and traded as high as $2.67. Alstom shares last traded at $2.67, with a volume of 1,848,962 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Alstom from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 7th.

Alstom Stock Down 1.5 %

The stock has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $2.10. The company has a quick ratio of 0.74, a current ratio of 0.96 and a debt-to-equity ratio of 0.32.

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.