PT United Tractors Tbk (OTCMKTS:PUTKY – Get Free Report) traded down 1.6% on Wednesday. The company traded as low as $28.26 and last traded at $28.27. Approximately 9,803 shares changed hands during trading, a decline of 59% from the average session volume of 23,843 shares. The stock had previously closed at $28.7230.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded PT United Tractors Tbk from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Check Out Our Latest Analysis on PUTKY
PT United Tractors Tbk Stock Down 1.6%
The firm’s 50 day moving average is $28.07 and its 200-day moving average is $30.68.
About PT United Tractors Tbk
PT United Tractors Tbk is an Indonesia-based company engaged in the distribution and support of heavy equipment, mining, construction, and energy products and services. The company is the authorized distributor of Komatsu heavy equipment in Indonesia and provides equipment sales, rental, spare parts, maintenance, repair, and related after-sales services for customers in sectors such as mining, construction, forestry, and agriculture.
United Tractors also operates through subsidiaries and affiliates involved in mining contracting, coal mining, construction, and power generation.
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