Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 7.5% – Here’s What Happened

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) traded up 7.5% during trading on Monday . The stock traded as high as $2.7950 and last traded at $2.7950. 814 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 15,318 shares. The stock had previously closed at $2.60.

Akbank Turk Anonim Sirketi Stock Up 1.9%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $2.98 and its two-hundred day simple moving average is $3.28. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 4.50 and a beta of 0.63.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.13%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.49 billion.

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.