Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Gap Up – Time to Buy?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $14.08, but opened at $14.55. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $14.68, with a volume of 93,336 shares trading hands.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The company’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $17.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. The company has a market capitalization of $14.80 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% during the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 643 shares during the period. EverSource Wealth Advisors LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock worth $33,000 after buying an additional 662 shares during the period. SBI Securities Co. Ltd. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth $53,000. TD Private Client Wealth LLC lifted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after buying an additional 1,165 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% in the fourth quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 3,110 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.