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

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

Akbank Turk Anonim Sirketi Price Performance

The stock’s fifty day moving average price is $2.85 and its 200-day moving average price is $2.99. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $6.86 billion, a PE ratio of 4.72 and a beta of 0.59.

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

Akbank Turk Anonim Sirketi Company Profile

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.