PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Sets New 1-Year Low – Time to Sell?

PT Bank Mandiri Persero TBK (OTCMKTS:PPERY)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as $7.73 and last traded at $7.80, with a volume of 11,696 shares trading hands. The stock had previously closed at $8.82.

PT Bank Mandiri Persero TBK Stock Performance

The stock has a fifty day simple moving average of $9.39 and a 200-day simple moving average of $9.62.

PT Bank Mandiri Persero TBK Company Profile

PT Bank Mandiri (Persero) Tbk is an Indonesian state-owned banking group headquartered in Jakarta. Established in 1998 through the merger of four Indonesian state-owned banks—Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia and Bank Pembangunan Indonesia—the company has developed into one of Indonesia’s largest financial institutions.

Bank Mandiri provides a broad range of banking and financial services to retail customers, small and medium-sized enterprises, commercial businesses, large corporations and government-related entities.