Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $2.66, but opened at $2.92. Akbank Turk Anonim Sirketi shares last traded at $2.92, with a volume of 30,000 shares changing hands.
Akbank Turk Anonim Sirketi Trading Down 5.2%
The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day moving average price is $2.85 and its 200-day moving average price is $3.09. The firm has a market capitalization of $7.37 billion, a PE ratio of 4.73 and a beta of 0.63.
Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.
About Akbank Turk Anonim Sirketi
Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948, the bank provides services to individuals, businesses and institutions through a broad network of branches, digital channels and other delivery platforms.
Its principal activities include retail banking, commercial and small- and medium-sized enterprise banking, corporate and investment banking, private banking and payment services. Products and services include deposit accounts, consumer and business loans, credit and debit cards, money transfers, cash management, foreign exchange, trade finance, investment products and digital banking solutions.
Akbank primarily serves customers in Turkey and also conducts selected international activities through overseas subsidiaries, branches and representative operations.
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