PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Here’s Why

Shares of PT Astra International Tbk (OTCMKTS:PTAIY) gapped up prior to trading on Thursday . The stock had previously closed at $5.24, but opened at $5.62. PT Astra International Tbk shares last traded at $5.49, with a volume of 693 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

PT Astra International Tbk Stock Up 5.0%

The company’s 50-day moving average is $6.49 and its two-hundred day moving average is $7.35. The company has a market capitalization of $11.13 billion and a P/E ratio of 0.00.

PT Astra International Tbk Company Profile

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.