Alstom (OTCMKTS:ALSMY) Shares Gap Up – Time to Buy?

Alstom ADR (OTCMKTS:ALSMY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.08, but opened at $2.24. Alstom shares last traded at $2.24, with a volume of 18,317 shares.

Analysts Set New Price Targets

ALSMY has been the subject of several research reports. Citigroup downgraded Alstom from a “strong-buy” rating to a “neutral” rating in a report on Monday, March 10th. DZ Bank raised Alstom from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Alstom Trading Up 9.5%

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 company’s 50-day simple moving average is $2.21 and its 200-day simple moving average is $2.18.

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.