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

Shares of PT Astra International Tbk (OTCMKTS:PTAIY) gapped up before the market opened on Tuesday. The stock had previously closed at $4.65, but opened at $5.45. PT Astra International Tbk shares last traded at $4.9960, with a volume of 65,616 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered 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.com, the stock has a consensus rating of “Sell”.

PT Astra International Tbk Stock Performance

The company’s 50 day moving average is $5.35 and its 200 day moving average is $5.90.

PT Astra International Tbk Company Profile

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.