PT Astra International Tbk (OTCMKTS:PTAIY) Shares Down 6.4% – Here’s Why

PT Astra International Tbk (OTCMKTS:PTAIY)’s share price traded down 6.4% during mid-day trading on Friday . The company traded as low as $6.55 and last traded at $6.55. 60,237 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 159,525 shares. The stock had previously closed at $7.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of PT Astra International Tbk to a “hold” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

PT Astra International Tbk Trading Down 5.7%

The firm’s fifty day moving average price is $7.26 and its 200-day moving average price is $7.71. The firm has a market cap of $13.17 billion and a price-to-earnings ratio of 0.00.

PT Astra International Tbk Company Profile

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.