PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Down – Here’s What Happened

Shares of PT Astra International Tbk (OTCMKTS:PTAIY) gapped down before the market opened on Tuesday . The stock had previously closed at $5.43, but opened at $5.17. PT Astra International Tbk shares last traded at $5.17, with a volume of 1,243 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of PT Astra International Tbk from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

PT Astra International Tbk Stock Down 3.0%

The business has a fifty day moving average price of $6.27 and a 200-day moving average price of $7.26. The company has a market cap of $10.30 billion and a P/E 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.