Alstom (OTCMKTS:ALSMY) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Alstom SA (OTCMKTS:ALSMY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Alstom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 7th.

Alstom Stock Down 1.4 %

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 has a 50 day moving average price of $2.10 and a 200-day moving average price of $2.07.

About Alstom

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.