PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Still a Buy?

PT Astra International Tbk (OTCMKTS:PTAIY)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $5.02, but opened at $5.29. PT Astra International Tbk shares last traded at $5.29, with a volume of 4,812 shares changing hands.

Wall Street Analysts Forecast Growth

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

PT Astra International Tbk Stock Up 1.5%

The business has a fifty day moving average of $5.31 and a two-hundred day moving average of $6.43.

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.