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

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) traded up 7.2% during trading on Tuesday. The stock traded as high as $2.84 and last traded at $2.84. Approximately 1,637 shares traded hands 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 Performance

The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 4.48 and a beta of 0.59. The firm’s 50 day moving average is $2.86 and its 200-day moving average is $3.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates 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.