PENGARUH PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA)

Abstract

The stock price is a very important factor and it should be concidered by investors in investing because the stock price show the issuer’s promising performance for the investors. This research aimed to examine the empricical effect of profitability, liquidity, and solvability on the stock price (A study on the pharmaceutical industry listed on the Indonesia Stock Exchange). The research was descriptive-quantitative. Furthemore, the sample collection technique used a saturated sampling method which used the entire population, namely 8 pharmaceutical companies listed on the Indonesia Stock Exchange during the 2016-2020 periods as the research samples. Moreover, the research independent variable used net profit margin, current ratio, and debt to equity ratio and the dependent variable used stock price. Meanwhile, the research analysis method used multiple linear regression with SPSS 23 version. The result showed that net profit margin had significant effect on the company’s stock price. Meanwhile, the current ratio and debt to equity ratio had an insignificant effect on the company’s stock price.