Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Issues Earnings Results

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) issued its quarterly earnings results on Tuesday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03), Zacks reports. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%.

Akbank Turk Anonim Sirketi Price Performance

OTCMKTS:AKBTY traded down $0.09 during trading hours on Tuesday, reaching $2.55. The stock had a trading volume of 16,290 shares, compared to its average volume of 8,092. The company has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $3.18. 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 stock has a market capitalization of $6.63 billion, a PE ratio of 4.25 and a beta of 0.59. Akbank Turk Anonim Sirketi has a 52 week low of $2.55 and a 52 week high of $4.24.

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.