PT United Tractors Tbk (OTCMKTS:PUTKF) Stock Price Up 9.8% – Here’s Why

PT United Tractors Tbk (OTCMKTS:PUTKFGet Free Report) shares shot up 9.8% on Wednesday . The stock traded as high as $1.80 and last traded at $1.80. 2,096 shares changed hands during trading, a decline of 82% from the average session volume of 11,750 shares. The stock had previously closed at $1.64.

PT United Tractors Tbk Price Performance

The business’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.29.

About PT United Tractors Tbk

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PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation.

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