Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Up – Time to Buy?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $2.55, but opened at $2.6850. Akbank Turk Anonim Sirketi shares last traded at $2.6850, with a volume of 332 shares changing hands.

Akbank Turk Anonim Sirketi Stock Up 4.7%

The firm’s 50-day moving average is $2.86 and its two-hundred day moving average is $3.02. 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 cap of $6.94 billion, a P/E ratio of 4.45 and a beta of 0.59.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.

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.