PT United Tractors Tbk (OTCMKTS:PUTKF) Shares Up 13.8% – Here’s Why

PT United Tractors Tbk (OTCMKTS:PUTKFGet Free Report)’s stock price shot up 13.8% on Tuesday . The company traded as high as $1.82 and last traded at $1.82. 6,183 shares traded hands during trading, an increase of 194% from the average session volume of 2,100 shares. The stock had previously closed at $1.60.

PT United Tractors Tbk Price Performance

The company has a fifty day simple moving average of $1.58 and a 200-day simple moving average of $1.48.

PT United Tractors Tbk Company Profile

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PT United Tractors Tbk is one of Indonesia’s leading heavy equipment distributors and mining contractors. Headquartered in Jakarta, the company serves a broad customer base across Southeast Asia, providing a comprehensive range of construction machinery, mining equipment and related aftermarket services. As the exclusive distributor for global brands such as Komatsu, Tadano, Bomag and Scania in Indonesia, United Tractors delivers products spanning hydraulic excavators, wheel loaders, dump trucks, forklifts, cranes and road rollers, complemented by genuine spare parts and technical support.

United Tractors operates through three principal business segments.

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