Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading 1.3% Higher – Here’s What Happened

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price rose 1.3% during trading on Monday . The stock traded as high as $4.24 and last traded at $4.14. Approximately 84,808 shares were traded during mid-day trading, an increase of 1,006% from the average daily volume of 7,668 shares. The stock had previously closed at $4.0850.

Akbank Turk Anonim Sirketi Trading Up 1.3%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.22.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.52 billion.

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.