PT United Tractors Tbk (OTCMKTS:PUTKY) Trading Up 1.1% – Here’s Why

PT United Tractors Tbk (OTCMKTS:PUTKY) shares were up 1.1% during trading on Wednesday . The stock traded as high as $35.2299 and last traded at $33.80. Approximately 7,241 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 10,691 shares. The stock had previously closed at $33.44.

PT United Tractors Tbk Stock Performance

The firm has a 50-day moving average of $34.98 and a two-hundred day moving average of $33.06.

About PT United Tractors Tbk

PT United Tractors Tbk (OTCMKTS:PUTKY) is one of Indonesia’s leading heavy equipment distributors and mining contractors. Established in 1972 and headquartered in Jakarta, the company operates as a core subsidiary of the Astra International group. United Tractors’ primary activities encompass the distribution and sales of a wide range of construction and mining machinery, including Komatsu-branded excavators, bulldozers and haul trucks, as well as other reputable global equipment brands.

In addition to equipment sales, United Tractors has developed a substantial mining services division through its subsidiary PT Pamapersada Nusantara, which provides contract mining solutions for coal and mineral extraction projects across Indonesia.