Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Up – What’s Next?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $2.70, but opened at $2.86. Akbank Turk Anonim Sirketi shares last traded at $2.67, with a volume of 4,265 shares trading hands.

Akbank Turk Anonim Sirketi Stock Down 5.0%

The stock has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.00. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 4.45 and a beta of 0.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.

About Akbank Turk Anonim Sirketi

Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. The bank provides a broad range of services to individual customers, small and medium-sized enterprises, commercial businesses, and large corporate and institutional clients.

Its offerings include deposit accounts, consumer and mortgage lending, credit and debit cards, payment services, investment products, private banking, wealth management, foreign exchange, trade finance, and corporate lending.