PENGARUH CURRENT RATIO, RETURN ON ASSETS, DAN DEBT TO EQUITY RATIOTERHADAP HARGA SAHAM DENGAN TOTAL ASET SEBAGAI VARIABEL MODERASI

Abstract

This research aims to examine the relationship between independent variables, including: Current Ratio,
Return on Assets, Debt to Equity Ratio and the dependent variable Stock Price, with the moderating
variable in this research being Total Assets. Research was conducted on 12 infrastructure companies listed
on the Indonesia Stock Exchange (BEI), using non-probability sampling techniques-quota sampling in the
period 2018 to 2022, a period of 5 years. This study explored whether having good fundamentals would
have a direct effect on price increases. the shares of the issuing company are moderated by the condition of
the company's total assets. The findings of research studies on infrastructure companies show that the
Current Ratio, if it stands alone, will have a positive effect on share prices, but if it is moderated by total
assets, it will have a negative effect on share prices. Return on Assets has no effect if it stands alone, but if
moderated by Total Assets then Return on Assets has a positive effect. Debt to Equity Ratio has no effect on
share prices, whether alone or moderated. Simultaneously in this research study, Current Ratio, Return on
Assets and Debt to Equity Ratio, moderated by Total Assets, have an effect on stock prices. This study offers
a regression analysis on infrastructure companies, the results provide a basis for future research in this
area. And company management can provide information about the relationship between fundamental
factors and the company's share price which is moderated by total assets.