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

PT Astra International Tbk (OTCMKTS:PTAIY) gapped up prior to trading on Friday . The stock had previously closed at $5.48, but opened at $5.92. PT Astra International Tbk shares last traded at $5.6268, with a volume of 22,333 shares traded.

Analyst Upgrades and Downgrades

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

PT Astra International Tbk Trading Up 2.8%

The company has a market capitalization of $11.41 billion and a P/E ratio of 0.00. The stock has a 50 day moving average of $5.53 and a 200-day moving average of $6.88.

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.