PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Still a Buy?

PT Astra International Tbk (OTCMKTS:PTAIY) shares gapped up before the market opened 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.

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 report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

PT Astra International Tbk Trading Down 1.3%

The stock’s fifty day moving average price is $6.41 and its two-hundred day moving average price is $7.32. The firm has a market capitalization of $10.99 billion and a price-to-earnings ratio of 0.00.

About PT Astra International Tbk

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.