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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $2.90, but opened at $2.75. Akbank Turk Anonim Sirketi shares last traded at $2.71, with a volume of 2,700 shares changing hands.

Akbank Turk Anonim Sirketi Trading Down 1.7%

The stock has a market capitalization of $7.41 billion, a PE ratio of 4.75 and a beta of 0.63. The stock’s 50 day moving average price is $2.97 and its 200-day moving average price is $3.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its 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 net margin of 8.19% and a return on equity of 21.13%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.49 billion.

About Akbank Turk Anonim Sirketi

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.