PENGARUH LIKUIDITAS, PROFITABILITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2020

Abstract

This research aimed to examine the effect of liquidity, profitability, and solvability on the stock price. Liquidity was a proxy for Current Ratio (CR), profitability was a proxy for Net Profit Margin (NPM), and Solvability was a proxy for Debt to Equity Ratio (DER). Moreover, the reserch was quantitative. The population was Food and Beverage companies listed on the Indonesia Stock Exchange during 2017-2020. The data were secondary in the form of the company’s financial statements. Furthermore, the data collection technique used purposive sampling i.e., a sample selection based on the determined criteria. In line with that, there were 16 Food and Beverage companies as the sample. Additionally, the data were taken over 4 years (2017-2020). In total, there were 64 data samples. On the other hand, the research data analysis method used multiple linier regressions with SPSS 27 version. The research result indicated that profitability had significantly affected the stock price. However, both liquidity and solvability had an insignificant effect on the stock price.