Alstom (OTCMKTS:ALSMY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Alstom SA (OTCMKTS:ALSMY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.10 and traded as low as $2.03. Alstom shares last traded at $2.05, with a volume of 196,875 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Alstom from a “hold” rating to a “strong sell” rating in a research report 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 company has a 50-day moving average of $2.09 and a 200-day moving average of $2.07.

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.