Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading Down 12.8% – Here’s What Happened

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price was down 12.8% on Monday . The company traded as low as $2.99 and last traded at $2.99. Approximately 760 shares were traded during trading, a decline of 94% from the average daily volume of 13,027 shares. The stock had previously closed at $3.43.

Akbank Turk Anonim Sirketi Trading Up 0.3%

The firm’s 50-day moving average is $3.71 and its 200-day moving average is $3.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 5.32 and a beta of 0.44.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.52 billion.

About Akbank Turk Anonim Sirketi

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.