Poste Italiane (OTCMKTS:PITAF) Stock Price Up 12% – Time to Buy?

Poste Italiane S.p.A. (OTCMKTS:PITAF)’s stock price traded up 12% during trading on Thursday . The stock traded as high as $26.37 and last traded at $26.37. 137 shares were traded during trading, a decline of 89% from the average session volume of 1,212 shares. The stock had previously closed at $23.54.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “buy” rating on shares of Poste Italiane in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Poste Italiane Stock Performance

The business has a fifty day moving average price of $24.03 and a 200-day moving average price of $22.67.

Poste Italiane Company Profile

Poste Italiane S.p.A., established in 1862, serves as Italy’s primary postal and logistics operator and acts as a key provider of financial and insurance services. Majority owned by the Italian government and publicly listed since 2015, the company leverages a long-standing network of branches and delivery centers to facilitate mail, parcel and express courier services across Italy and through international partnerships.

The company’s operations are organized into several segments. Postal and logistics services encompass mail delivery, parcel shipping, warehouse and supply chain management.