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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock 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.

Akbank Turk Anonim Sirketi Trading Down 3.8%

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm’s 50-day simple moving average is $2.86 and its 200 day simple moving average is $3.05. The stock has a market capitalization of $7.31 billion, a P/E ratio of 4.68 and a beta of 0.63.

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