Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – Here’s What Happened

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up before the market opened on Tuesday . The stock had previously closed at $15.52, but opened at $16.30. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.42, with a volume of 124,171 shares trading hands.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

The business’s 50-day moving average price is $16.27 and its 200-day moving average price is $17.72. The stock has a market cap of $16.25 billion, a P/E ratio of 11.39, a P/E/G ratio of 2.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $74,966,000 after acquiring an additional 98,552 shares during the period. Citadel Advisors LLC purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at approximately $16,533,000. Dimensional Fund Advisors LP boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider’s stock worth $10,518,000 after purchasing an additional 16,915 shares during the period. American Century Companies Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% in the fourth quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider’s stock worth $9,574,000 after purchasing an additional 44,907 shares in the last quarter. Finally, Northcape Capital Pty Ltd raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the 4th quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock valued at $8,716,000 after purchasing an additional 77,655 shares during the period.

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.