Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading 5.2% Higher – What’s Next?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) shot up 5.2% during trading on Wednesday . The company traded as high as $2.9250 and last traded at $2.9250. 683 shares were traded during trading, a decline of 95% from the average daily volume of 14,891 shares. The stock had previously closed at $2.78.

Akbank Turk Anonim Sirketi Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $3.07. The stock has a market cap of $7.49 billion, a PE ratio of 4.80 and a beta of 0.63.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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.