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

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) gapped down before the market opened on Friday. The stock had previously closed at $2.75, but opened at $2.55. Akbank Turk Anonim Sirketi shares last traded at $2.55, with a volume of 148 shares.

Akbank Turk Anonim Sirketi Trading Up 5.8%

The firm has a fifty day moving average of $2.86 and a two-hundred day moving average of $3.02. The company has a market cap of $7.07 billion, a PE ratio of 4.53 and a beta of 0.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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

Akbank Türk Anonim ?irketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948 by Hac? Ömer Sabanc?, 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.