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

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Down 1.8 %

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 cap of $14.39 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. The business’s fifty day moving average price is $16.49 and its 200 day moving average price is $17.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Haven Global Partners LLC bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $3,291,000. State of New Jersey Common Pension Fund D increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 67.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 284,588 shares of the utilities provider’s stock valued at $5,629,000 after purchasing an additional 114,209 shares during the period. Van ECK Associates Corp raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 127.3% during the 3rd quarter. Van ECK Associates Corp now owns 198,504 shares of the utilities provider’s stock worth $3,710,000 after purchasing an additional 111,162 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider’s stock worth $74,966,000 after purchasing an additional 98,552 shares during the period. Finally, Northcape Capital Pty Ltd boosted its stake in shares of 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 valued at $8,716,000 after purchasing an additional 77,655 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

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.