PT Astra International Tbk (OTCMKTS:PTAIY) Stock Price Up 8.8% – Here’s Why

Shares of PT Astra International Tbk (OTCMKTS:PTAIY) rose 8.8% during trading on Wednesday. The stock traded as high as $5.1195 and last traded at $5.06. Approximately 25,632 shares were traded during trading, a decline of 88% from the average daily volume of 215,176 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

PT Astra International Tbk Price Performance

The firm has a 50-day moving average of $5.34 and a 200-day moving average of $5.89.

About PT Astra International Tbk

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. Through a portfolio of subsidiaries, joint ventures, and affiliated companies, Astra operates across several sectors of the Indonesian economy and serves consumers, businesses, and industrial customers throughout the country.

The company’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 development.