Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Here’s Why

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price gapped down before the market opened 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 traded.

Akbank Turk Anonim Sirketi Stock Down 11.1%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 5.45 and a beta of 0.44. The firm’s 50 day simple moving average is $3.73 and its 200-day simple moving average is $3.27.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.52 billion.

Akbank Turk Anonim Sirketi Company Profile

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.