Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Up – Still a Buy?

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) gapped up before the market opened on Thursday . The stock had previously closed at $2.66, but opened at $2.92. Akbank Turk Anonim Sirketi shares last traded at $2.92, with a volume of 30,000 shares.

Akbank Turk Anonim Sirketi Trading Up 13.2%

The company has a market capitalization of $7.83 billion, a PE ratio of 5.02 and a beta of 0.63. The company has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $3.10. 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 announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion.

About Akbank Turk Anonim Sirketi

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.