Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 15 shares, a decline of 99.8% from the September 15th total of 7,485 shares. Based on an average trading volume of 28,471 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Akbank Turk Anonim Sirketi Stock Performance
OTCMKTS AKBTY traded down $0.02 during trading hours on Friday, hitting $2.55. The company had a trading volume of 4,291 shares, compared to its average volume of 13,066. The business has a 50 day moving average of $2.86 and a 200-day moving average of $3.02. The company has a market cap of $6.63 billion, a PE ratio of 4.25 and a beta of 0.59. Akbank Turk Anonim Sirketi has a 1-year low of $2.51 and a 1-year high of $4.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07.
Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $1.40 billion during 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%.
Akbank Turk Anonim Sirketi Company Profile
Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948 by Hacı Ömer Sabancı, the bank was established in Adana to provide financing to local cotton producers and has since developed into a diversified financial institution serving retail, small and medium-sized enterprises, commercial, corporate and investment banking customers.
Akbank offers deposit accounts, consumer and business loans, credit and debit cards, payment services, foreign-exchange transactions, cash management and trade finance.
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