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Alstom (OTCMKTS:ALSMY) Sees Large Volume Increase - Here's Why

Alstom logo with Transportation background

Key Points

  • Alstom's trading volume surged by 341% on Monday, with approximately 2.84 million shares traded compared to 645,110 shares previously, indicating heightened investor interest.
  • The stock received a significant boost from analysts, with DZ Bank upgrading it to a "strong-buy" rating, reflecting growing confidence in Alstom's market performance.
  • Alstom's financial health includes a debt-to-equity ratio of 0.31 and a current ratio of 0.97, suggesting stability in its capital structure.
  • MarketBeat previews the top five stocks to own by October 1st.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,843,715 shares traded hands during mid-day trading, an increase of 341% from the previous session's volume of 645,110 shares.The stock last traded at $2.32 and had previously closed at $2.30.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ALSMY shares. DZ Bank upgraded Alstom from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alstom in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

View Our Latest Research Report on ALSMY

Alstom Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.75 and a current ratio of 0.97. The stock's 50-day moving average price is $2.36 and its 200-day moving average price is $2.27.

About Alstom

(Get Free Report)

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.

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