Zacks Research downgraded shares of PT United Tractors Tbk (OTCMKTS:PUTKY – Free Report) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.
PT United Tractors Tbk Trading Down 1.9%
Shares of PUTKY opened at $26.43 on Monday. The company’s fifty day moving average is $26.47 and its two-hundred day moving average is $31.39. PT United Tractors Tbk has a fifty-two week low of $23.18 and a fifty-two week high of $39.00.
PT United Tractors Tbk Company Profile
PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.
In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.
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