The Effect of Financial Ratios on Changes in Stock Prices of Building Construction Subsectors in Indonesia Stock Exchange During Covid-19 Pandemic in 2020

ABSTRACT: Change in stock prices is an increase or decrease in share prices as a result of new information that affects share prices. The research objective is to provide empirical evidence regarding the effect of financial ratios on changes in stock prices. This research was conducted at the building construction sub-sector company on the Indonesia Stock Exchange (IDX). The number of samples taken was 51 samples with the sampling technique, namely purposive sampling. Data collection was carried out by non-participant observation. The analysis technique used is multiple linear regression analysis techniques. The results of the analysis show that the liquidity ratio, profitability ratio, and solvency ratio have no effect on changes in the share price of building construction subsector companies on the Indonesia Stock Exchange during the COVID-19 pandemic in 2020. Meanwhile, the activity ratio has a positive effect on changes in share prices of building construction subsector companies on the Stock Exchange The effect of Indonesia during the COVID-19 pandemic in 2020.
KEYWORDS: change in stock prices, liquidity ratios, activity ratios, profitability ratios, solvency ratios