Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Earnings Results, Hits Estimates

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) announced its quarterly earnings data on Tuesday. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13, Zacks reports. Akbank Turk Anonim Sirketi had a return on equity of 21.12% and a net margin of 7.87%.

Akbank Turk Anonim Sirketi Price Performance

AKBTY stock remained flat at $2.79 during mid-day trading on Tuesday. The company’s stock had a trading volume of 12,045 shares, compared to its average volume of 31,798. The company has a market capitalization of $7.25 billion, a P/E ratio of 4.81 and a beta of 0.60. Akbank Turk Anonim Sirketi has a 12-month low of $2.51 and a 12-month high of $4.24. The stock’s 50 day moving average is $3.01 and its 200 day moving average is $3.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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.