Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.57, but opened at $2.7620. Akbank Turk Anonim Sirketi shares last traded at $2.7620, with a volume of 401 shares trading hands.
Akbank Turk Anonim Sirketi Price Performance
The business’s 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $3.33. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 4.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.
Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.13%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.49 billion.
About Akbank Turk Anonim Sirketi
Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.
The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.
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