Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Strong Trading Volume – What’s Next?

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) saw strong trading volume on Wednesday . 1,361,867 shares were traded during trading, an increase of 166% from the previous session’s volume of 512,239 shares.The stock last traded at $14.76 and had previously closed at $14.87.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The business’s 50 day simple moving average is $15.70 and its 200-day simple moving average is $17.20. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76. 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

Institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 189.3% during the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the utilities provider’s stock valued at $623,000 after purchasing an additional 24,800 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth $16,533,000. Jane Street Group LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 351.3% during the 4th quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider’s stock worth $1,269,000 after buying an additional 60,064 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider’s stock worth $10,518,000 after buying an additional 16,915 shares during the period. Finally, Jump Financial LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 100.0% during the 4th quarter. Jump Financial LLC now owns 54,998 shares of the utilities provider’s stock worth $905,000 after buying an additional 27,496 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.