PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR KEUANGAN

Abstract

This research aimed to examine the effect of profitability, leverage, and liquidity on stock price. The profitability was measured by Return On Asset, leverage was measured by Debt to Equity Ratio, and liquidity was measured by Current Ratio. Moreover, the population was financial sector companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The research was quantitative. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 53 samples from 106 financial sector companies. Furthermore, the data were taken for 5 years (2017-2021). In total there were 265 data which were analyzed. The data were secondary in the form of annual financial statements. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that profitability had a significantly negative effect on stock price. Similarly, leverage had a significantly negative effect on stock price. However, liquidity did not affect the stock price.