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

Key Points

• Alstom's share price gapped up from $2.26 to open at $2.37 before trading at $2.38, with a volume of 18,963 shares exchanged.
• Brokerages are optimistic about Alstom, with DZ Bank upgrading the stock to a "strong-buy" rating and a consensus rating of "Moderate Buy" noted among analysts.
• The company's financial metrics show a quick ratio of 0.75 and a debt-to-equity ratio of 0.31, indicating a stable financial position.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $2.26, but opened at $2.37. Alstom shares last traded at $2.38, with a volume of 18,963 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alstom in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Alstom Stock Up 2.7%

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 stock's 50 day moving average is $2.37 and its two-hundred day moving average is $2.28.

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.