JAPAN POST BANK (OTCMKTS:JPPTY) Shares Gap Down – Here’s What Happened
by Michael Walen · The Markets DailyShares of JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.00, but opened at $16.46. JAPAN POST BANK shares last traded at $17.7650, with a volume of 5,891 shares.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised shares of JAPAN POST BANK to a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.
Read Our Latest Research Report on JAPAN POST BANK
JAPAN POST BANK Trading Down 1.7%
The company’s 50-day moving average is $18.12 and its 200 day moving average is $14.43.
About JAPAN POST BANK
Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.
The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.