Alstom (OTCMKTS:ALSMY) Shares Gap Up – Here’s What Happened

Alstom ADR (OTCMKTS:ALSMY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.59, but opened at $2.74. Alstom shares last traded at $2.75, with a volume of 34,989 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. Barclays reissued an “underweight” rating on shares of Alstom in a research note on Wednesday, December 3rd. Kepler Capital Markets cut shares of Alstom from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alstom presently has an average rating of “Moderate Buy”.

Alstom Trading Up 6.6%

The business’s fifty day moving average price is $3.07 and its 200 day moving average price is $2.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.97.

About Alstom

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.