PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Stock Jumps 13.5% – Here’s What Happened

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF)’s share price rose 13.5% during mid-day trading on Thursday. The stock traded as high as $0.2515 and last traded at $0.2515. 150 shares traded hands during trading, a decline of 100% from the average daily volume of 367,279 shares. The stock had previously closed at $0.2215.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered PT Bank Mandiri (Persero) Tbk from a “buy” rating to a “sell” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

PT Bank Mandiri (Persero) Tbk Trading Up 13.5%

The firm’s fifty day moving average is $0.24 and its two-hundred day moving average is $0.25.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking company headquartered in Jakarta. Established in 1998 through the consolidation of four state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia—the bank provides financial services to individuals, businesses, institutions, and government-related entities.

Bank Mandiri’s principal activities include consumer and commercial banking, corporate and wholesale banking, small and medium-sized enterprise lending, investment banking, treasury services, payments, trade finance, cash management, and wealth management.