Postal Savings Bank of China (OTCMKTS:PSTVY) Shares Up 8% – Should You Buy?

Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY)’s stock price shot up 8% during trading on Monday . The stock traded as high as $11.77 and last traded at $11.77. 249 shares were traded during mid-day trading, a decline of 94% from the average session volume of 4,150 shares. The stock had previously closed at $10.90.

Postal Savings Bank of China Price Performance

The stock’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $11.27.

Postal Savings Bank of China Company Profile

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.