GTT Stock: A Midday Increase of 2.53% Supported by Strategic Developments
GTT stock shows a significant rise during the session on Thursday, October 23, 2025, surpassing the 166 € mark with an appreciation of 2.53%. This performance occurs in a context of low capital turnover and coincides with the group's recent announcements in the green hydrogen sector. The stock continues its positive weekly momentum, posting a +4.53% increase over seven days.
Current Trading Session
As of 1:25 PM on Thursday, October 23, GTT's stock price stands at 166.30 €, marking a significant increase of 2.53% from the previous close of 162.20 €. Trading volume remains moderate, with only 0.06% of capital exchanged. Over a broader horizon, the stock's performance remains strong: +4.53% over seven days, +2.47% over three months, and +25.41% over one year, significantly outperforming the CAC 40's return of +9.44% over the same annual period. Meanwhile, the flagship Paris index has risen by 0.48% to 8,246.11 points at midday.
Recent Strategic News
This momentum follows recent strategic news. On Wednesday, October 22, GTT's subsidiary Elogen announced the signing of a memorandum of understanding with the engineering firm Rockfin. This partnership aims to deploy green hydrogen production systems in Central Europe, featuring the supply of Elogen's PEM technology and local integration by Rockfin. Additionally, the brokerage firm Jefferies re-evaluated its position on GTT last October 16, upgrading from a neutral recommendation to buy, further boosting market confidence.
Technical Perspective
From a technical standpoint, the stock is now trading above its key moving averages: 157.39 € for the 50-day moving average and 153.05 € for the 200-day moving average. The RSI indicator at 59 signals a neutral trend, with no immediate overheating. The current price is close to the resistance threshold of 166.60 €, while the immediate support is identified at 151.30 €. The Bollinger Bands (upper at 165.82 €, lower at 152.88 €) confirm a rising technical channel, despite a slightly negative MACD histogram at -0.12.
