Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Up 7.2% – Should You Buy?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price traded up 7.2% on Tuesday. The company traded as high as $2.84 and last traded at $2.84. Approximately 1,637 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 14,579 shares. The stock had previously closed at $2.65.

Akbank Turk Anonim Sirketi Stock Up 7.2%

The business’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $3.04. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $7.38 billion, a PE ratio of 4.73 and a beta of 0.59.

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

Akbank Turk Anonim Sirketi Company Profile

Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948 by Hacı Ömer Sabancı, the bank was established in Adana to provide financing to local cotton producers and has since developed into a diversified financial institution serving retail, small and medium-sized enterprises, commercial, corporate and investment banking customers.

Akbank offers deposit accounts, consumer and business loans, credit and debit cards, payment services, foreign-exchange transactions, cash management and trade finance.