The Effect of Profitability, Solvency, Liquidity, and Activity on the Stock Price of Textile Industry listed on the Indonesia Stock Exchange
Keywords:
Profitability (EPS), Solvency (DER), Liquidity (CR) and Activity (TATO), Stock PricesAbstract
The number of investors in the Indonesian capital market continues to increase every year, indicating a higher demand for shares. In accordance with demand theory, increased investor demand tends to raise stock prices. This study aims to determine the effect of profitability, solvency, liquidity, and activity on stock prices. The population in this study was textile industry companies listed on the Indonesia Stock Exchange in the 2019-2023 period, totaling 9 companies in accordance with the criteria set by the researcher. The sample withdrawal method uses the purposive sampling, and the analysis method used is the panel data regression method with the help of EViews 12 software. The results of this study indicate that profitability (EPS) and activity (TATO) have a positive effect on stock prices, solvency (DER) has a negative effect on stock prices, and liquidity (CR) has no effect on stock prices.
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