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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.14, but opened at $2.9650. Akbank Turk Anonim Sirketi shares last traded at $2.9650, with a volume of 460 shares trading hands.

Akbank Turk Anonim Sirketi Trading Down 4.7%

The stock has a market cap of $7.76 billion, a PE ratio of 4.97 and a beta of 0.63. The company’s 50-day moving average price is $2.87 and its 200 day moving average price is $3.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.06 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 analysts’ consensus estimates of $0.13. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 28.70%.

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.