PT United Tractors Tbk (OTCMKTS:PUTKY) Shares Down 2.2% – Here’s What Happened

Shares of PT United Tractors Tbk (OTCMKTS:PUTKY) dropped 2.2% on Wednesday . The company traded as low as $28.26 and last traded at $28.26. Approximately 23,257 shares traded hands during trading, an increase of 52% from the average daily volume of 15,331 shares. The stock had previously closed at $28.91.

PT United Tractors Tbk Stock Performance

The stock has a 50-day moving average price of $35.11 and a two-hundred day moving average price of $34.90.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.

In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.