PT United Tractors Tbk (OTCMKTS:PUTKY) Stock Price Down 1.6% – Here’s What Happened

PT United Tractors Tbk (OTCMKTS:PUTKY) dropped 1.6% during mid-day trading on Wednesday. The company traded as low as $28.26 and last traded at $28.27. 9,803 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 23,843 shares. The stock had previously closed at $28.7230.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of PT United Tractors Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

PT United Tractors Tbk Stock Down 1.6%

The business has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $30.68.

PT United Tractors Tbk Company Profile

PT United Tractors Tbk is an Indonesia-based company engaged in the distribution and support of heavy equipment, mining, construction, and energy products and services. The company is the authorized distributor of Komatsu heavy equipment in Indonesia and provides equipment sales, rental, spare parts, maintenance, repair, and related after-sales services for customers in sectors such as mining, construction, forestry, and agriculture.

United Tractors also operates through subsidiaries and affiliates involved in mining contracting, coal mining, construction, and power generation.