PENGARUH CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), RETURN ON ASSETS (ROA), DAN RETURN ON EQUITY (ROE) TERHADAP HARGA SAHAM (Studi Kasus pada Perusahaan Telekomunikasi periode 2013-2016)

Abstract

Stock price describes the value of the company in the eyes of society. Companies that perform well then the price of shares owned will be high. This research uses fundamental analysis with financial ratio analysis. The Sub-sector of Telecommunication that researcher works at consists of 4 companies. During the period 2013-2016 there are several companies that have a stock price value below the price of the company's previous offer. In addition there is also a decline in stock prices continuously in one company during the period. This situation is the concern for the researcher to review the financial condition of the telecommunications company. This type of research is explanatory research, with population that can be studied in 6 companies sub sector of telecommunication. The data source of the research is the secondary data obtained not direct. The data types used in this research are time-series data and cross section data or often referred to as panel data. Methods of data analysis used classical assumption test, correlation, determination, simple regression, multiple regression, and significance by using SPSS application. The result of research stated that ROA and ROE have an effect on stock price, which means that if ROA and ROE increase, stock price increases partially. While CR and DER have no effect on stock prices. Testing simultaneously shows CR, DER, ROA, and ROE have an influence on stock prices. If CR, DER, ROA, and ROE increase, then stock price increases as well. Based on this, the researcher suggested that sub sector of telecommunication’s company pays attention to indicator on CR, DER, ROA, and ROE to increase stock price. So that investors are interested to invest in the company.