Alstom (OTCMKTS:ALSMY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Alstom shares experienced unusually high trading volume, with approximately 713,755 shares changing hands, a 7% increase from the previous day's volume.
• Wall Street analysts are optimistic, as DZ Bank upgraded Alstom from a "hold" to a "strong-buy" rating, while Deutsche Bank reiterated a "buy" rating.
• The company reported a trading price of $2.51, with 50-day and 200-day moving averages at $2.28 and $2.23, respectively.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) shares saw strong trading volume on Friday . 713,755 shares traded hands during mid-day trading, an increase of 7% from the previous session's volume of 668,272 shares.The stock last traded at $2.51 and had previously closed at $2.46.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALSMY. DZ Bank raised Alstom from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alstom in a report on Thursday, July 24th.

Alstom Price Performance

The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm's fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.24.

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.