Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Down 7.5% – Should You Sell?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price was down 7.5% on Thursday. The stock traded as low as $2.62 and last traded at $2.70. 10,200 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 14,682 shares. The stock had previously closed at $2.92.

Akbank Turk Anonim Sirketi Trading Up 1.1%

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 capitalization of $7.15 billion, a PE ratio of 4.58 and a beta of 0.63. The stock’s 50-day simple moving average is $2.86 and its 200-day simple moving average is $3.05.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm 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%.

About Akbank Turk Anonim Sirketi

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.