Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Hits New 52-Week Low – What’s Next?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $2.4550 and last traded at $2.47, with a volume of 3,575 shares. The stock had previously closed at $2.50.

Akbank Turk Anonim Sirketi Stock Down 4.0%

The stock has a market cap of $6.24 billion, a P/E ratio of 4.29 and a beta of 0.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm’s fifty day moving average is $2.83 and its 200 day moving average is $3.17.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 19.79% and a net margin of 7.20%.

Akbank Turk Anonim Sirketi Company Profile

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.