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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $2.70, but opened at $2.86. Akbank Turk Anonim Sirketi shares last traded at $2.67, with a volume of 4,265 shares.

Akbank Turk Anonim Sirketi Price Performance

The company has a fifty day moving average of $2.85 and a 200 day moving average of $3.00. The firm has a market capitalization of $6.94 billion, a P/E ratio of 4.45 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick 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 (EPS) for the quarter, hitting 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 during 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.