PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Stock Price Up 35.1% – Here’s Why

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) rose 35.1% on Tuesday . The stock traded as high as $0.3386 and last traded at $0.3386. Approximately 400 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 181,048 shares. The stock had previously closed at $0.2506.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded PT Bank Mandiri (Persero) Tbk to a “buy” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

PT Bank Mandiri (Persero) Tbk Price Performance

The company’s fifty day moving average price is $0.26 and its 200 day moving average price is $0.28.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. The company operates through Wholesale and Retail segments. It offers savings and current accounts, time deposits, demand deposits, and foreign currency savings and current accounts; motorcycle loans, mortgage loan, and housing loans, as well as loans for various purposes, such as education, home renovation, marriage, health, and other needs for individuals; and working capital loans, investment loans, people's business loans, syndicated loans, and micro business loans for businesses.