Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading Down 10.4% – Should You Sell?

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) were down 10.4% during trading on Friday . The company traded as low as $2.68 and last traded at $2.68. 216 shares changed hands during trading, a decline of 99% from the average daily volume of 15,134 shares. The stock had previously closed at $2.99.

Akbank Turk Anonim Sirketi Stock Performance

The stock has a market cap of $6.97 billion, a PE ratio of 4.47 and a beta of 0.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $3.09.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.49 billion.

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.