Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report)’s share price fell 12.6% during mid-day trading on Tuesday . The company traded as low as $10.65 and last traded at $11.2250. 3,745 shares changed hands during trading, an increase of 415% from the average daily volume of 727 shares. The stock had previously closed at $12.84.
Postal Savings Bank of China Stock Up 5.1%
The firm’s fifty day simple moving average is $13.14 and its 200-day simple moving average is $13.00.
Postal Savings Bank of China Company Profile
Postal Savings Bank of China (OTCMKTS: PSTVY) is a state-owned commercial bank established in 2007 as part of China Post Group’s initiative to modernize and expand public savings services. Headquartered in Beijing, the bank was formed by transforming the Postal Savings Administration into a nationwide banking institution. Since its inception, Postal Savings Bank of China has grown to become one of the country’s largest retail lenders, leveraging China’s extensive postal network to reach urban and rural customers alike.
The bank’s core business activities include offering a full range of deposit products, consumer and business loans, micro-finance services, and agro-related credit for underserved rural regions.
Further Reading
- Five stocks we like better than Postal Savings Bank of China
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Postal Savings Bank of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Postal Savings Bank of China and related companies with MarketBeat.com's FREE daily email newsletter.
