Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 9.3% – Still a Buy?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) shares traded up 9.3% during trading on Friday . The company traded as high as $3.05 and last traded at $3.05. 313 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 12,147 shares. The stock had previously closed at $2.79.

Akbank Turk Anonim Sirketi Stock Up 11.8%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.37. The company has a market cap of $8.11 billion, a P/E ratio of 5.38 and a beta of 0.63.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Akbank Turk Anonim Sirketi had a return on equity of 21.12% and a net margin of 7.87%.The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.45 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.