Alten's Shares Drop 4% and Rank at the Bottom of the SBF 120
The engineering and technology consulting specialist is down in early afternoon trading, moving against a notably positive CAC 40. The session extends the decline that began the previous day, pushing the stock to the bottom of the SBF 120 rankings, even as Parisian tech stocks otherwise boost the broader index.
A Significant Decline Moving Away from the 20-Day Moving Average
Alten drops 4.15% to €58.95, among the steepest declines in the SBF 120, while the broader index is up by 0.79% and the CAC 40 increases by 0.85% during the session. The contrast is especially stark as tech stocks lead the market, with STMicroelectronics and Soitec topping the day's gains. The stock thus continues the movement begun the previous day, which had seen it fall below its 20-day moving average.
The price is now 5.4% below the MM20 (€63.55) and 8.3% below the MM200 (€65.55), while remaining slightly above the MM50 at €59.56. The RSI at 48 indicates a lack of significant buying or selling pressure. The identified support at €56.50 remains the low point to watch, as the weekly loss reaches nearly 5%.
Moderate Valuation and a Calendar Dominated by the General Meeting on June 18
Based on the expected earnings per share, the stock is trading at about 8.3 times the profits for the current fiscal year and 7.5 times those for the next year, according to the consensus of surveyed analysts. The expected EPS growth from one year to the next is 10.9%. These multiples come as the stock still shows a nearly 21% decline over the past year, despite a slight gain of 2.2% over three months.
The macroeconomic environment remains challenging: U.S. inflation for May accelerated to 4.2% year-on-year due to energy effects, and the oil price surge linked to tensions in the Middle East weighs on European cyclical stocks. The next concrete event for shareholders is the general meeting, scheduled for June 18, 2026.
