Duro Felguera revaluates 106% in four days and regains the value lost over the year.

Felguera’s Duro continues its bullish run in the stock market, which began after changes announced Friday at its first executive level and board of directors, and yesterday it was the fifth highest value in the continuous market, with an increase of 23.64%. resulting in a share price of €0.68.

Thanks to this revaluation, the Asturian engineering company recorded four consecutive sessions with double-digit growth and accumulated an increase of 106.06% in its market capitalization from the day before the changes consisting, among other things, of the departure of Jaime Argüelles while then CEO, as well as the appointment of the COO and until now, Vice President Eduardo Espinosa Bustamante – the representative of the majority of Mexican shareholders – is the new president, and until now the president was also Mexican Jaime Ishita holds the post of vice president.

The strong increase in value, closely linked to changing expectations due to the perception that Mexican owners – Prodi and Mota-Enguil Mexico – have begun to make decisions, is helped by the low share price, which began in November, the lowest since 2020, at the height of pandemic. Since the last four sessions have been strong bullish, the stock has managed to regain what it has lost this year and rise 4.29% above the value it was at the start of the year.

Despite this, Duro’s value on the stock market is $146.32 million, meaning that the 54.663% shares owned by Prodi and Mota-Engil México, for which both groups paid more than 91.30 million euros in February, now have a value just over $79.98 million. which implies a hidden handicap of 11.32 million.

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