PT Astra International Tbk (OTCMKTS:PTAIY) Shares Gap Up – Should You Buy?

PT Astra International Tbk (OTCMKTS:PTAIY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $5.34, but opened at $5.70. PT Astra International Tbk shares last traded at $5.68, with a volume of 523 shares changing hands.

Analyst Ratings Changes

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

PT Astra International Tbk Price Performance

The stock has a fifty day moving average price of $5.30 and a 200-day moving average price of $6.29.

About PT Astra International Tbk

PT Astra International Tbk is an Indonesian diversified company with businesses spanning automotive, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, information technology, and property. Founded in 1957 as a trading company, it has grown into a major business group in Indonesia.

In automotive, Astra manufactures and distributes vehicles and motorcycles, including products associated with brands such as Toyota, Daihatsu, Isuzu, and Honda. Its related activities include vehicle financing, component manufacturing, and after-sales services.

Astra also provides consumer and commercial financing, operates in mining and construction equipment, and has interests in plantations, toll roads, logistics, and property.