Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sets New 52-Week Low – Here’s Why

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) hit a new 52-week low during trading on Monday . The stock traded as low as $14.70 and last traded at $14.67, with a volume of 228331 shares. The stock had previously closed at $15.69.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

The business’s fifty day moving average price is $16.49 and its 200 day moving average price is $17.83. 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 stock has a market cap of $14.39 billion, a P/E ratio of 10.09, a PEG ratio of 2.10 and a beta of 0.77.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% during the third quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider’s stock worth $3,710,000 after buying an additional 111,162 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 2nd quarter worth about $616,000. Northcape Capital Pty Ltd increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% in the 4th quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock worth $8,716,000 after purchasing an additional 77,655 shares in the last quarter. Haven Global Partners LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at about $3,291,000. Finally, Citigroup Inc. grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.7% during the third quarter. Citigroup Inc. now owns 213,810 shares of the utilities provider’s stock worth $4,229,000 after purchasing an additional 42,304 shares during the last quarter.

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.