Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $2.92, but opened at $2.81. Akbank Turk Anonim Sirketi shares last traded at $2.81, with a volume of 1,000 shares changing hands.

Akbank Turk Anonim Sirketi Stock Performance

The company has a market cap of $7.31 billion, a P/E ratio of 4.68 and a beta of 0.63. The company has a 50 day moving average price of $2.86 and a 200-day moving average price of $3.05. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%.

Akbank Turk Anonim Sirketi Company Profile

(Get Free Report)

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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