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

PT Astra International Tbk (OTCMKTS:PTAIY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.48, but opened at $5.92. PT Astra International Tbk shares last traded at $5.6268, with a volume of 22,333 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of PT Astra International Tbk from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

PT Astra International Tbk Trading Up 2.8%

The firm has a market capitalization of $11.41 billion and a P/E ratio of 0.00. The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $6.88.

About PT Astra International Tbk

PT Astra International Tbk is a leading Indonesian diversified conglomerate with interests spanning automotive, financial services, heavy equipment, agribusiness, infrastructure, logistics, information technology, and property. Founded in 1957 and headquartered in Jakarta, the company established itself early as the exclusive distributor of Toyota vehicles in Indonesia, a relationship that remains a cornerstone of its automotive business. Over the decades, Astra has expanded its product and service offerings through strategic partnerships and joint ventures with global firms, solidifying its position in several key sectors of the Indonesian economy.

The company’s automotive segment encompasses the distribution and retail of passenger cars, commercial vehicles, motorcycles, and component manufacturing.