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

PT Astra International Tbk (OTCMKTS:PTAIY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $5.35, but opened at $5.5335. PT Astra International Tbk shares last traded at $5.44, with a volume of 12,991 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, PT Astra International Tbk currently has a consensus rating of “Sell”.

PT Astra International Tbk Price Performance

The business’s fifty day moving average is $5.39 and its two-hundred day moving average is $5.98.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified conglomerate headquartered in Jakarta. Founded in 1957, the company has developed a broad portfolio of businesses serving Indonesia’s automotive, industrial, consumer and infrastructure markets.

Astra’s principal activities include automotive manufacturing, distribution and retail; financial services; heavy equipment, mining, construction and energy; agribusiness; infrastructure and logistics; information technology; and property.