Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 1.2% – Here’s What Happened

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price traded up 1.2% during mid-day trading on Monday . The stock traded as high as $3.37 and last traded at $3.29. 9,085 shares were traded during mid-day trading, a decline of 59% from the average session volume of 22,183 shares. The stock had previously closed at $3.25.

Akbank Turk Anonim Sirketi Price Performance

The company has a 50 day moving average price of $2.86 and a 200-day moving average price of $3.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.91.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its earnings results on Thursday, October 23rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Akbank Turk Anonim Sirketi had a net margin of 6.62% and a return on equity of 18.52%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.33 billion.

Akbank Turk Anonim Sirketi Company Profile

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company’s consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.