The transport asset leasing group recorded its sharpest decline in several months on Thursday, following the publication of disappointing half-year results the previous day. The stock is marking a new multi-year low, far from its moving averages.
A five-year low breached following notably deteriorated half-year results
The Touax stock loses 11.17% in trading, to €3.42, after touching €3.24 during morning trading, marking a five-year low. The previous low for this period stood at €3.38, reached on January 28, 2025. This drop comes in the wake of the publication, on September 16, 2026, of first half-year results: revenues fell 13% year-over-year, and the group posted a net loss of €4.2 million.
The decline affects all transport asset leasing operations. Over the week, the stock has already lost nearly 15%, and its decline reaches 23.4% over three months, reflecting selling pressure that had built well before this publication. For context, the CAC 40 is up 0.2% in trading, illustrating the marked divergence between the stock and overall market trends.
Three moving averages broadly surpassed to the downside, RSI neutral despite the scale of the decline
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Touax's stock price is now trading well below all of its moving averages: it is trading 11.86% below the 20-day MA (€3.88), 13.85% below the 50-day MA (€3.97), and 16.99% below the 200-day MA (€4.12). This configuration, where the three moving average levels form a resistance ceiling well above the price, reflects a fundamental downward dynamic across different timeframes. The support level identified at €3.77 was also breached during trading, reinforcing downward technical pressure.
The RSI, at 45, remains in neutral territory despite the amplitude of today's decline, signaling that the selling momentum has not yet produced an extreme oversold signal. The next level to watch is resistance at €4.00, now approximately 17% above the current price.
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SectorAutomobile et mobilité›Location de véhicules et d'équipements de transport
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 83,7 millions d'euros
Quarterly revenue: 83,7 millions d'euros
EBITDA: 20,1 millions d'euros
EBITDA margin: 27,6 %
Net income: -4,2 millions d'euros
Free cash flow: -3,1 millions d'euros
295,9 millions d'euros
Guidance from the release
« le Groupe demeure prudent quant à l'évolution de ses marchés à court terme »
Risks mentioned
Persistent pressures in European intermodal rail freight market with temporary overcapacity and weak industrial demand
Geopolitical environment in Middle East affecting container customers and decision of shipping lines to purchase containers directly rather than leasing
Temporary slowdown in major African infrastructure projects delaying growth in Modular Buildings activity
Opportunities identified
Trinity Industries' €30m+ investment in Touax Rail India with 32% stake and planned expansion of 6,500 new railcars over 3-5 years
Containers division expected to grow in second half 2026 with gradual recovery in leasing demand and ongoing fleet renewal
River Barges division continues to perform well with utilization rate close to 100% and Modular Buildings activity growth in Africa
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.