Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Time to Sell?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $2.83, but opened at $2.58. Akbank Turk Anonim Sirketi shares last traded at $2.57, with a volume of 2,391 shares traded.

Akbank Turk Anonim Sirketi Price Performance

The business has a fifty day moving average of $2.85 and a two-hundred day moving average of $2.99. 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 $6.67 billion, a price-to-earnings ratio of 4.28 and a beta of 0.59.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates 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. The bank provides a broad range of services to individual customers, small and medium-sized enterprises, commercial businesses, and large corporate and institutional clients.

Its offerings include deposit accounts, consumer and mortgage lending, credit and debit cards, payment services, investment products, private banking, wealth management, foreign exchange, trade finance, and corporate lending.