Alstom (OTCMKTS:ALSMY) Shares Gap Down - What's Next?

Key Points

• Alstom's share price gapped down, opening at $2.45 after closing at $2.56, with the last trade recorded at $2.44 on a volume of 16,836 shares.
• Wall Street analysts remain optimistic, with Deutsche Bank maintaining a "buy" rating and DZ Bank upgrading Alstom from "hold" to "strong-buy."
• The company's moving averages show a positive trend, with a fifty-day average of $2.21 and a two-hundred-day average of $2.20, indicating potential growth prospects.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $2.56, but opened at $2.45. Alstom shares last traded at $2.44, with a volume of 16,836 shares trading hands.

Wall Street Analysts Forecast Growth

ALSMY has been the subject of several recent research reports. DZ Bank upgraded shares of 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.

Alstom Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.75. The stock's 50-day moving average price is $2.24 and its 200-day moving average price is $2.21.

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.