Postal Savings Bank of China Co., Ltd. (OTCMKTS:PSTVY – Get Free Report) was down 11.9% on Wednesday . The stock traded as low as $11.70 and last traded at $12.33. Approximately 7,891 shares changed hands during trading, an increase of 975% from the average daily volume of 734 shares. The stock had previously closed at $14.00.
Postal Savings Bank of China Stock Performance
The firm has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $13.24.
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.
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