PENGARUH LIKUIDITAS, PROFITABILITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DANMINUMAN YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine and analyze the effect and analyze the effect of liquidity, profitability, and
solvability on the stock price at Food and Beverages companies listed on the Indonesia Stock Exchange. This
research was a quantitative method, while the research sampling collections technique used the purposive
sampling method, a sample selection based on the criteria given. Moreover, from 27 Food and Beverages
companies listed on the Indonesia Stock Exchange in the 2016-2020 period, 12 companies fulfilled the criteria. In
addition, this research used secondary data taken from financial statements of Food and Beverages companies.
The research data analysis technique used multiple linear regressions analysis with SPSS 22 version. The
research result showed that the current ratio did not affect the stock price, it showed that investors did not pay
much attention to the company’s liquidity in determining the increase or decrease in stock price. Return on asset
had a positive effect on the stock price, it showed that the higher the company’s capability in providing the profit
was able to determine the stock price. Meanwhile, the debt to equity ratio did not affect the stock price because
the investors were more interested in a low solvency value, which showed that investors would face was a small
risk.