Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Should You Sell?

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) gapped down prior to trading on Friday . The stock had previously closed at $3.43, but opened at $3.08. Akbank Turk Anonim Sirketi shares last traded at $3.16, with a volume of 913 shares.

Akbank Turk Anonim Sirketi Stock Down 7.9%

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $8.22 billion, a P/E ratio of 5.64 and a beta of 0.44. The company has a fifty day moving average price of $3.74 and a 200-day moving average price of $3.27.

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, meeting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a return on equity of 21.46% and a net margin of 7.56%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.52 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.