PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Here’s What Happened

PT Astra International Tbk (OTCMKTS:PTAIY) gapped up prior to trading on Monday. The stock had previously closed at $5.34, but opened at $5.70. PT Astra International Tbk shares last traded at $5.68, with a volume of 523 shares.

Wall Street Analyst Weigh In

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

PT Astra International Tbk Price Performance

The company has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $6.29.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified company with businesses spanning automotive, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, information technology, and property. Founded in 1957 as a trading company, it has grown into a major business group in Indonesia.

In automotive, Astra manufactures and distributes vehicles and motorcycles, including products associated with brands such as Toyota, Daihatsu, Isuzu, and Honda. Its related activities include vehicle financing, component manufacturing, and after-sales services.

Astra also provides consumer and commercial financing, operates in mining and construction equipment, and has interests in plantations, toll roads, logistics, and property.