Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Down 9.3% – Time to Sell?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price was down 9.3% during trading on Thursday . The company traded as low as $2.7650 and last traded at $2.7650. Approximately 6,133 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 10,207 shares. The stock had previously closed at $3.05.

Akbank Turk Anonim Sirketi Stock Performance

The company has a market cap of $7.18 billion, a PE ratio of 4.76 and a beta of 0.71. The business’s 50-day moving average is $3.29 and its 200 day moving average is $3.37. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its earnings results on Tuesday, April 28th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

Akbank Turk Anonim Sirketi Company Profile

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.