Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 9.3% – Still a Buy?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price shot up 9.3% during mid-day trading on Friday . The company traded as high as $3.05 and last traded at $3.05. 313 shares were traded during trading, a decline of 97% from the average session volume of 12,147 shares. The stock had previously closed at $2.79.

Akbank Turk Anonim Sirketi Stock Up 11.8%

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 stock has a 50-day simple moving average of $3.14 and a 200-day simple moving average of $3.37. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 5.38 and a beta of 0.63.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Akbank Turk Anonim Sirketi had a return on equity of 21.12% and a net margin of 7.87%.The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.45 billion.

Akbank Turk Anonim Sirketi Company Profile

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.