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

Shares of PT Astra International Tbk (OTCMKTS:PTAIY) gapped up prior to trading on Tuesday. The stock had previously closed at $5.02, but opened at $5.29. PT Astra International Tbk shares last traded at $5.29, with a volume of 4,812 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

PT Astra International Tbk Price Performance

The firm’s fifty day simple moving average is $5.31 and its 200 day simple moving average is $6.43.

PT Astra International Tbk Company Profile

PT Astra International Tbk is an Indonesian diversified conglomerate founded in 1957. Through a portfolio of subsidiaries, joint ventures, and affiliated companies, Astra operates across several sectors of the Indonesian economy and serves consumers, businesses, and industrial customers throughout the country.

The company’s principal activities include automotive manufacturing, distribution, and retail; financial services; heavy equipment, mining, construction, and energy; agribusiness; infrastructure and logistics; information technology; and property development.