OHLA was the most bullish company in the Continuous Market this Monday, with a rise of 6.20%, in a session of strong sectoral rotation and high volatility in the Spanish market as a whole, marked by the geopolitical events in Iran.
It should also be noted that the trading volume has been high, exceeding 32.8 million securities traded and 13.6 million euros, figures that place the stock among the 30 most active of the day.
The company has returned to profits and presented a substantial improvement in its operating results last week, which seems to have been welcomed by investors.
According to the latest figures reported, OHLA manages to reverse previous losses and consolidate its financial and operational restructuring process. The group has managed to stabilize its balance sheet, reduce tensions and recover margins in key areas of the business.
Added to this operational support is the support of investment banking. Banco Sabadell has raised its recommendation to “overweight” following the publication of results.
The report highlights the improvement of the risk profile, the greater visibility of the business and the progressive normalization of the balance sheet. The recommendation acts as an additional catalyst in a historically punished value and with a share base very sensitive to changes in narrative.
In the last month, the value has accumulated a revaluation of close to 19%, after consolidating a base around 0.36 euros and breaking intermediate resistances.
OHLA remains a high risk value, but the market is beginning to discount that the recovery process may be entering a more structural phase.
The key now will be to check whether it consolidates profits in future quarters, maintains financial discipline and confirms the generation of recurring cash. But the market has spoken: today it is the best company in the Continuum.
Other notable values were Repsol or Dia, both with more than 5% rise, while on the opposite side, Técnicas Reunidas fell more than 10%. The Ibex fell 2.8%, in line with all international markets.