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

PT Astra International Tbk (OTCMKTS:PTAIY) shares gapped up before the market opened on Monday . The stock had previously closed at $5.56, but opened at $5.80. PT Astra International Tbk shares last traded at $5.6049, with a volume of 5,074 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, PT Astra International Tbk presently has an average rating of “Hold”.

PT Astra International Tbk Stock Down 2.2%

The firm has a fifty day moving average of $5.49 and a 200 day moving average of $6.26.

About PT Astra International Tbk

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. The company operates through a broad portfolio of businesses serving consumers, businesses and infrastructure projects across Indonesia, with selected activities and partnerships extending into other markets.

Astra’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.