Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 5.2% – Time to Buy?

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) rose 5.2% during trading on Wednesday. The company traded as high as $2.9250 and last traded at $2.9250. 683 shares changed hands during trading, a decline of 95% from the average daily volume of 14,891 shares. The stock had previously closed at $2.78.

Akbank Turk Anonim Sirketi Price Performance

The firm has a market cap of $7.59 billion, a P/E ratio of 4.87 and a beta of 0.63. The firm’s fifty day moving average is $2.86 and its 200 day moving average is $3.06. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.49 billion.

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, the bank provides services to individuals, businesses and institutions through a broad network of branches, digital channels and other delivery platforms.

Its principal activities include retail banking, commercial and small- and medium-sized enterprise banking, corporate and investment banking, private banking and payment services. Products and services include deposit accounts, consumer and business loans, credit and debit cards, money transfers, cash management, foreign exchange, trade finance, investment products and digital banking solutions.

Akbank primarily serves customers in Turkey and also conducts selected international activities through overseas subsidiaries, branches and representative operations.