Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – Time to Buy?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up prior to trading on Monday . The stock had previously closed at $16.58, but opened at $16.95. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $17.05, with a volume of 113,964 shares trading hands.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

The stock has a market capitalization of $16.47 billion, a P/E ratio of 11.55, a PEG ratio of 2.18 and a beta of 0.56. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $15.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% during the 4th quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider’s stock worth $9,574,000 after acquiring an additional 44,907 shares during the period. Raymond James Financial Inc. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at about $707,000. Victory Capital Management Inc. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth about $544,000. Allspring Global Investments Holdings LLC increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider’s stock worth $74,966,000 after purchasing an additional 98,552 shares during the period. Finally, Haven Global Partners LLC purchased a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at $3,291,000.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.