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

Key Points

• PT Astra shares gapped down prior to trading, falling about 10.0% — previous close $7.78, opened $7.17 and last traded at $6.6830 on volume 1,031 shares.
• Zacks Research upgraded the stock to a "Hold" on April 24, and MarketBeat shows a consensus rating of Hold (one analyst).
• The company is a diversified Indonesian conglomerate with a market cap of $13.97 billion; its 50-day and 200-day moving averages are $7.44 and $7.76, respectively.

PT Astra International Tbk (OTCMKTS:PTAIY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.78, but opened at $7.17. PT Astra International Tbk shares last traded at $6.6830, with a volume of 1,031 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of PT Astra International Tbk to a "hold" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, PT Astra International Tbk currently has a consensus rating of "Hold".

PT Astra International Tbk Stock Down 10.0%

The stock has a market cap of $13.97 billion and a PE ratio of 0.00. The company's fifty day moving average is $7.44 and its 200 day moving average is $7.76.

About PT Astra International Tbk

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.

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