Postal Savings Bank of China (OTCMKTS:PSTVY) Trading 8% Higher – Still a Buy?

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY)’s stock price rose 8% during trading on Monday . The company traded as high as $11.77 and last traded at $11.77. Approximately 249 shares changed hands during trading, a decline of 94% from the average daily volume of 4,150 shares. The stock had previously closed at $10.90.

Postal Savings Bank of China Stock Up 8.0 %

The business has a fifty day moving average of $11.71 and a 200-day moving average of $11.27.

About Postal Savings Bank of China

Postal Savings Bank of China Co, Ltd., together with its subsidiaries, provides various banking products and services for retail and corporate customers in the People’s Republic of China. It offers demand, time, personal call, time/demand optional, call, negotiated, and foreign currency deposits, as well as passbooks and certificate of deposits; micro and personal pledged, and personal business loans; business easy mix, agriculture aid plus, domestic remittance and exchange, payment and collection agency, check, promissory notes, bank and commercial draft, remittance, consignment collection, and collection with acceptance settlement services; debit and credit cards; cross-border remittance, personal exchange settlement and sale, and foreign currency exchange and deposit services; personal housing, auto, car, consumer, and personal education loans; wealth management products and funds; and insurance agency services.