PT United Tractors Tbk (OTCMKTS:PUTKY) Stock Price Down 0.7% – Time to Sell?

PT United Tractors Tbk (OTCMKTS:PUTKY)’s share price fell 0.7% on Tuesday . The company traded as low as $27.2518 and last traded at $27.58. 14,893 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 24,808 shares. The stock had previously closed at $27.78.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of PT United Tractors Tbk from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PT United Tractors Tbk presently has an average rating of “Sell”.

PT United Tractors Tbk Stock Up 0.1%

The company’s 50 day moving average price is $27.77 and its 200-day moving average price is $30.03.

About PT United Tractors Tbk

PT United Tractors Tbk is an Indonesia-based company that provides heavy-equipment, mining, construction, and energy solutions. Established in 1972, it is a subsidiary of PT Astra International Tbk and is listed on the Indonesia Stock Exchange. The company’s securities also trade in the United States over the counter under the symbol PUTKY.

United Tractors is the authorized distributor of Komatsu heavy equipment in Indonesia and supplies machinery, parts, maintenance, repair, and related support services for the mining, construction, forestry, and agriculture industries.