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

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) gapped up prior to trading on Tuesday . The stock had previously closed at $15.52, but opened at $16.30. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk shares last traded at $16.42, with a volume of 124,171 shares traded.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 5.7 %

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 $16.25 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. The stock’s 50-day moving average is $16.27 and its two-hundred day moving average is $17.72.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after buying an additional 643 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 662 shares during the last quarter. Saturna Capital Corp raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.9% during the 3rd quarter. Saturna Capital Corp now owns 83,782 shares of the utilities provider’s stock worth $1,657,000 after acquiring an additional 782 shares in the last quarter. First Affirmative Financial Network boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.6% during the 4th quarter. First Affirmative Financial Network now owns 13,720 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 972 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% in the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,165 shares in 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.