PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) Shares Down 20.4% – Should You Sell?

PT Semen Indonesia (Persero) Tbk (OTCMKTS:PSGTY) shares fell 20.4% during mid-day trading on Monday . The company traded as low as $1.8704 and last traded at $1.8704. 444 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 511 shares. The stock had previously closed at $2.35.

PT Semen Indonesia (Persero) Tbk Price Performance

The stock’s 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.99.

PT Semen Indonesia (Persero) Tbk Company Profile

PT Semen Indonesia (Persero) Tbk is Indonesia’s first cement producer, founded in 1957 as NV Semen Gresik and later converted into a state-owned perseroan terbatas under the Ministry of State-Owned Enterprises. The company operates as an integrated building materials group, manufacturing a diverse range of cement products, including ordinary Portland cement, composite cement and specialty cement grades designed for various construction applications.

Headquartered in Gresik, East Java, PT Semen Indonesia maintains production facilities across multiple regions in Indonesia.