Alstom (OTCMKTS:ALSMY) Hits New 52-Week Low – Time to Sell?

Alstom ADR (OTCMKTS:ALSMY) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $1.84 and last traded at $1.8550, with a volume of 413337 shares trading hands. The stock had previously closed at $1.89.

Analysts Set New Price Targets

ALSMY has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Alstom in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft lowered shares of Alstom from a “buy” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Kepler Capital Markets raised shares of Alstom from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Alstom presently has an average rating of “Hold”.

Alstom Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.94. The firm has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.66.

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.