Top FTSE 250 Risers Last Quarter

The medium-cap FTSE 250 has stalled recently, underperforming London's premier index, as its constituents are more exposed to the domestic market. But some names have managed to stand out with spectacular gains, raising the question of whether they have further upside.

Top Ten FTSE 250 Gainers Over the Last 90 Days

• Goodwin (GDWN) +95.2%
• Oxford Biomedica (OXB) +88.7%
• Just Group (JUST) +62.2%
• Anglo-Eastern Plantations (AEP) +59.2%
• JTC (JTC) +54.6%
• Atalaya Mining Copper (ATYM) +41.1%
• Hochschild Mining (HOC) +40.3%
• Jupiter Fund Management (JUP) +38.9%
• Petershill Partners (PHLL) +32.4%
• Renishaw (RSW) +32.1%

Three Interesting Top Performers in the FTSE 250

Why these firms are leading the index higher, and the latest developments that have drawn investor interest.

Goodwin Rising on Defence Push

The heavy engineering firm is the top performer on the FTSE, having nearly doubled its share price during the last quarter. , confirming the generally positive news it had provided during its interim results, which helped push its share price higher. Goodwin's workload increased 24% by the end of August amid strong demand from nuclear development and increased defence spending in Europe. With this in mind, the company signed a strategic agreement with US defense firm Northrop Grumman, including a $16 million order to support US submarine development. The deal comes at a critical point, after the and build up to 12 new attack vessels, with a £15 billion investment over the next decade.

Oxford Biomedica Rising on FDA Approval

The gene and cell therapy company's strong performance last quarter continued a move that began in late June, sending its share price to double. The performance culminated with the company re-entering the FTSE 250 for the coming year. The move followed the company's announcement of the completion of the acquisition of Q32, allowing it to produce in the US market and avoid some of the effects of tariffs. Since then, , and its net losses were cut in half. Management expressed confidence in the outlook, projecting EBITDA to turn positive this year, with sales growing at 25% to 30% annual rate over the next couple of years. Additionally, the company completed a share issuance of 13 million shares, expanding its cash holdings to £113.7M from £17.1M. Most recently, the company to expand its viral vector production capacity.

Atalaya Mining Riding the Energy Transition

Shares in this Spanish-based mining company have nearly doubled thanks to rising demand for its main product: copper. to 13.2Kt from 11.6Kt in the same period last year, while also reducing cash costs to $2.21/lb from $2.88/lb, which compares favorably to the current spot price for the metal at $4.88/lb. The increased production was thanks to the copper grade rising to 0.43% from 0.33%, allowing the company to affirm its outlook for higher production and lower costs this year.

FTSE 250 Rejected at Double Top

The FTSE 250 broke outside its 3-week consolidation between 21780 and 21500, forming the second point of a double top near 22250. This was followed by a pullback as the RSI entered overbought territory and began sloping downward. The FTSE 250 has rejected the local high around 22090. If support at 21950 fails to hold, the FTSE 250 could fall toward local lows at 21630 and 21500 as bearish pressure intensifies. However, a break above 22090 could open the door toward 22500 and 23000, provided that 22250 fails.

Source: SpreadEx | FTSE 250, 4-hour