Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading Up 10.8% – Here’s What Happened

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) were up 10.8% during trading on Thursday . The company traded as high as $3.07 and last traded at $3.07. Approximately 2,658 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 15,088 shares. The stock had previously closed at $2.77.

Akbank Turk Anonim Sirketi Trading Up 10.8%

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 firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 5.12 and a beta of 0.63. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.18.

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