PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Still a Buy?

PT Astra International Tbk (OTCMKTS:PTAIY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.16, but opened at $5.3630. PT Astra International Tbk shares last traded at $5.2760, with a volume of 4,938 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded PT Astra International Tbk to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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PT Astra International Tbk Stock Up 0.6%

The firm has a market cap of $10.79 billion and a PE ratio of 0.00. The company’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $7.51.

About PT Astra International Tbk

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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.

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