Alstom (OTCMKTS:ALSMY) Trading 3.9% Higher - Here's What Happened

Key Points

• Alstom's stock price increased by 3.9% to $2.39, with roughly 360,902 shares traded, which is a decline from the average daily volume.
• Analysts have shown confidence in Alstom, with Deutsche Bank maintaining a "buy" rating and DZ Bank upgrading it to a "strong-buy."
• The company's financial health is indicated by a debt-to-equity ratio of 0.31, with a quick ratio of 0.75 and a current ratio of 0.97.

Alstom ADR (OTCMKTS:ALSMY - Get Free Report)'s stock price rose 3.9% on Thursday . The company traded as high as $2.42 and last traded at $2.39. Approximately 360,902 shares traded hands during trading, a decline of 20% from the average daily volume of 453,665 shares. The stock had previously closed at $2.30.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alstom in a report on Thursday, July 24th. DZ Bank upgraded Alstom from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Alstom Stock 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 business has a 50-day moving average price of $2.25 and a two-hundred day moving average price of $2.22.

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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