GTT Shares Surge 5.5% at Close Following Methane Carrier Order
GTT closed this Friday, January 9, at 168.20 euros, marking a 5.52% increase from the previous day, after announcing a new order from Samsung Heavy Industries for the design of tanks for two new methane carriers.
Significant Order Boosts GTT's Market Performance
GTT ended this Friday, January 9, at 168.20 euros, up by 5.52% compared to the previous day. The cryogenic containment system specialist announced in the morning an order from Samsung Heavy Industries for the design of tanks for two new methane carriers, each with a capacity of 174,000 m³. Equipped with Mark III Flex technology, these ships will be delivered to the shipowner Purus in 2028 and 2029. Trading volume remained moderate with 0.36% of the capital traded. Technically, the stock is now trading above its 50-day moving average, positioned at 168.25 euros, a sign suggesting a bullish momentum in the short term. The RSI, at 55, is in a neutral zone, confirming that the movement is balanced and free of speculative overheating. Crossing the psychological threshold of 165 euros, a target price set by Goldman Sachs in early December, reinforces the prospect of a technical recovery towards the resistance at 174.50 euros.
Year-to-Date Performance Indicates Strong Sector Recovery
Since the beginning of the year, GTT has shown a performance increase of 7.41% over seven days, marking an acceleration after a modest increase of 1.75% over three months. This order comes in a context of recovery in the order book for the LNG sector, while the stock had recorded an annual performance of 19.46%, despite a consolidation phase in the fourth quarter of 2025. The stock is currently trading 5.5% above its 200-day moving average, established at 159.38 euros, indicating a strengthening underlying trend. The technical support remains at 154.90 euros, a level that contained the declines earlier in the week. The new order confirms the group's visibility on its medium-term deliveries and its position as a global leader in the design of tanks for methane carriers. Investors will monitor the stock's ability to consolidate above the 168 euros mark before considering a test of the major resistance.
