Postal Savings Bank of China (OTCMKTS:PSTVY) Shares Up 5.2% – Still a Buy?

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY) shares were up 5.2% during trading on Tuesday . The company traded as high as $13.1008 and last traded at $13.1008. Approximately 474 shares traded hands during trading, an increase of 9% from the average daily volume of 434 shares. The stock had previously closed at $12.4550.

Postal Savings Bank of China Stock Performance

The company has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $13.59.

About Postal Savings Bank of China

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.