Alstom (OTCMKTS:ALSMY) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Alstom SA (OTCMKTS:ALSMY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.18 and traded as low as $2.09. Alstom shares last traded at $2.10, with a volume of 426,309 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Alstom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 7th.

Alstom Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.96 and a quick ratio of 0.74. The firm has a 50 day moving average of $2.18 and a 200-day moving average of $2.05.

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.