OPmobility Shares Drop 4% and Break Support Despite Two Leapmotor Contracts

Significant Decline Despite Expanded Partnership with Leapmotor

OPmobility shares are down 3.97% at €14.27 in early afternoon trading, compared to €14.86 at the previous close. The stock ranks in the lower half of the SBF 120, which is down 0.2% during the session. This movement comes despite a favorable commercial announcement: the supplier indicated it had won two contracts from Leapmotor International for the supply of bumpers and trunk doors for passenger cars in Europe. These initial contracts granted by the Chinese manufacturer outside of China extend a relationship established since 2023 through the Sino-French joint venture YFPO. Today's decline is part of a broader consolidation movement: the stock has lost nearly 9.4% over the month, while still maintaining a nearly 28% gain over the year.

Price Falls Below Its Three Moving Averages and Support at €14.86

The price is now below the MM20 (€15.74), MM50 (€15.51), and MM200 (€15.14), with a gap of 5.75% to 9.34% depending on the horizon. Today's session also breaks the support identified at €14.86, paving the way for testing lower levels. The RSI at 40 remains neutral and does not yet indicate an oversold configuration. In terms of valuation, the stock is trading at about 8.5 times expected earnings for the current fiscal year and 7.3 times those for the next year, according to the consensus of surveyed analysts. The sector context remains fragile: after the sharp decline in Brent (around $80 a barrel), European automotive stocks lack a clear catalyst, with the positive effect on purchasing power not offsetting concerns about global demand. The next technical reference to watch is the €14 zone, in the absence of a quick rebound above the broken support.