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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Sees Large Volume Increase - Here's What Happened

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk logo with Utilities background

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) saw an uptick in trading volume on Wednesday . 1,361,867 shares were traded during mid-day 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 Stock Down 0.9 %

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76. The business has a 50-day moving average price of $15.66 and a 200-day moving average price of $17.15.

Institutional Investors Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

A number of institutional investors have recently modified their holdings of TLK. GAMMA Investing LLC increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the 4th quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider's stock worth $25,000 after purchasing an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $33,000 after buying an additional 662 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter worth approximately $53,000. TD Private Client Wealth LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the third quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider's stock valued at $96,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% in the fourth quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider's stock valued at $120,000 after acquiring an additional 3,110 shares during the last quarter.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

(Get Free Report)

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.

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