Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Should You Sell?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.11, but opened at $2.70. Akbank Turk Anonim Sirketi shares last traded at $2.68, with a volume of 9,140 shares.

Akbank Turk Anonim Sirketi Trading Up 12.4%

The firm has a 50 day moving average of $2.85 and a 200 day moving average of $3.09. The firm has a market cap of $7.77 billion, a PE ratio of 4.98 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released 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. 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, 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.