Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Here’s What Happened

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) shares gapped down prior to trading on Monday . The stock had previously closed at $3.35, but opened at $3.15. Akbank Turk Anonim Sirketi shares last traded at $3.15, with a volume of 1,399 shares.

Akbank Turk Anonim Sirketi Trading Down 5.1%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 5.48 and a beta of 0.71. The company has a fifty day simple moving average of $3.47 and a 200-day simple moving average of $3.33.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its earnings results on Tuesday, April 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.