Alstom (OTCMKTS:ALSMY) Hits New 12-Month Low – What’s Next?

Alstom ADR (OTCMKTS:ALSMY) reached a new 52-week low on Tuesday. The stock traded as low as $1.13 and last traded at $1.14, with a volume of 4,059 shares. The stock had previously closed at $1.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup cut shares of Alstom from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. DZ Bank lowered Alstom from a “strong-buy” rating to a “hold” rating in a research report on Friday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alstom presently has a consensus rating of “Reduce”.

Alstom Stock Down 2.9%

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.73. The firm’s 50-day simple moving average is $1.67 and its two-hundred day simple moving average is $2.14.

About Alstom

Alstom is a French company that designs, manufactures, and services rail transportation systems. Its products include high-speed and regional trains, metros, tramways, and locomotives, as well as components and onboard systems for rail vehicles.

The company also provides rail infrastructure and technology, including signaling, train control, and electrification systems. Its services include maintenance, modernization, and support for rail fleets and infrastructure, as well as turnkey solutions for rail networks.

Alstom serves rail operators and public transport authorities in markets around the world.