PT Unilever Indonesia Tbk (OTCMKTS:UNLRY) Shares Down 8.5% – Here’s Why

PT Unilever Indonesia Tbk (OTCMKTS:UNLRYGet Free Report)’s share price dropped 8.5% on Tuesday . The stock traded as low as $2.90 and last traded at $2.90. Approximately 100 shares changed hands during trading, a decline of 99% from the average daily volume of 16,267 shares. The stock had previously closed at $3.17.

PT Unilever Indonesia Tbk Stock Down 8.5%

The company’s fifty day simple moving average is $3.04 and its two-hundred day simple moving average is $2.36.

About PT Unilever Indonesia Tbk

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PT Unilever Indonesia Tbk is one of the leading consumer goods companies in Indonesia, offering a wide range of products across home care, personal care, and food and refreshment categories. Established in the early 1930s, the company has grown from a small import business to a major manufacturer with multiple production facilities and a nationwide distribution network.

In the personal care segment, Unilever Indonesia’s portfolio includes well-known brands such as Lifebuoy, Dove, Sunsilk and Pepsodent.

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