PENGARUH CURRENT RATIO, RETURN ON ASSET, DAN DEBT TO EQUITY ASSET TERHADAP HARGA SAHAM PADA SUBSEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of Current Ratio, Return On Asset, and Debt to Equity Ratio on stock price of pharmaceutical companies. The population was 11 companies which were listed on Indonesia Stock Exchange (IDX) during 2016-2020. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with that, there were 7 companies which fulfilled the criteria as samples. The data analysis technique used multiple linear regression analysis, in order to examine the effect of Current Ratio, Return On Asset, and Debt to Equity Ratio on stock price of pharmaceutical companies with SPSS as its instrument in data computing. The research result concluded that there was only one variable which had a significant effect on stock price, namely Return On Asset. On the other hand, the rest two variables were Current Ratio as well as Debt to Equity Ratio had an insignificant effect on stock price.