Factors That Affect Stock Prices At The Manufacturing Companies Listed On The Indonesia Stock Exchange

Abstract

This study examined the influence of liquidity (Current Ratio), profitability (Net Profit
Margin, Earning Per Share, Return On Equity), solvency (Debt to Equity Ratio) against the
stock price at manufacturing companies listed on the Indonesia stock exchange. The
population of this research is all the manufacturing companies listed on the Indonesia stock
exchange. The sample of this research as much as 84 manufacturing companies listed on
the Indonesia stock exchange. Types of data used are secondary data derived from the
Indonesia Capital Market Directory (ICMD). Results descriptive statistics shows that an
increase in the stock price, which if viewed from the parameters of the stock price more
done on the parameters of the Earning Per Share. Based on the correlation analysis shows
the current ratio of negative effect variables significantly to the stock price, the Net Profit
Margin effect significantly to stock prices, Debt to Equity Ratio of significant negative
effect against the share price, While Earning Per Share and Return On Equity did not affect
stock prices. Based on regression analysis, we find that variable Current Ratio, Net Profit
Margin, Earning Per Share, Return On Equity, Debt to Equity Ratio effect significantly to
stock prices.
Keywords : Liquidity; Profitability; Solvency; the Stock Price.