Alstom (OTCMKTS:ALSMY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Alstom shares experienced a significant increase in trading volume, with approximately 2.9 million shares traded, marking a 347% increase from the previous day.
• Analysts have a consensus rating of "Moderate Buy" for Alstom, with ratings ranging from Strong Buy to Sell from various equities research analysts.
• The company provides various rail transport solutions globally, indicating its role in the transportation infrastructure market.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 2,910,829 shares changed hands during mid-day trading, an increase of 347% from the previous session's volume of 651,205 shares.The stock last traded at $2.58 and had previously closed at $2.60.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alstom in a 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 given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Alstom currently has a consensus rating of "Moderate Buy".

Alstom Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.29.

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.

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