Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Earnings Results, Misses Expectations By $0.03 EPS

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) announced its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Stock Down 3.4%

AKBTY stock traded down $0.09 during mid-day trading on Tuesday, reaching $2.55. The company had a trading volume of 16,290 shares, compared to its average volume of 8,092. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $3.18. Akbank Turk Anonim Sirketi has a 52 week low of $2.55 and a 52 week high of $4.24. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 4.25 and a beta of 0.59.

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.