PT Astra International Tbk (OTCMKTS:PTAIY) Shares Up 8.8% – Here’s What Happened

PT Astra International Tbk (OTCMKTS:PTAIY) was up 8.8% on Wednesday. The company traded as high as $5.1195 and last traded at $5.06. 25,632 shares traded hands during trading, a decline of 88% from the average session volume of 215,176 shares. The stock had previously closed at $4.65.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

PT Astra International Tbk Stock Performance

The business’s 50 day moving average is $5.32 and its two-hundred day moving average is $5.85.

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.