Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Up – Here’s Why

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) gapped up prior to trading on Monday. The stock had previously closed at $2.55, but opened at $2.6850. Akbank Turk Anonim Sirketi shares last traded at $2.6850, with a volume of 332 shares trading hands.

Akbank Turk Anonim Sirketi Trading Up 4.6%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $7.29 billion, a P/E ratio of 4.47 and a beta of 0.59. The firm has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $3.01.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm 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%.

About Akbank Turk Anonim Sirketi

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.