Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) announced its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02, Zacks reports. Akbank Turk Anonim Sirketi had a return on equity of 20.58% and a net margin of 7.56%.

Akbank Turk Anonim Sirketi Trading Down 0.9%

Shares of OTCMKTS AKBTY traded down $0.03 during mid-day trading on Tuesday, hitting $3.45. 303 shares of the company traded hands, compared to its average volume of 11,161. Akbank Turk Anonim Sirketi has a 1 year low of $2.47 and a 1 year high of $4.24. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 6.16 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $3.52 and a two-hundred day moving average of $3.32.

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.