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

Alstom SA (OTCMKTS:ALSMY)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.21 and traded as low as $2.09. Alstom shares last traded at $2.13, with a volume of 425,465 shares.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup lowered Alstom from a “strong-buy” rating to a “neutral” rating in a report on Monday, March 10th. The Goldman Sachs Group lowered Alstom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 7th.

Alstom Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 0.96. The firm’s 50 day moving average is $2.21 and its 200 day moving average is $2.16.

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.