Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Announces Quarterly Earnings Results

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) released its quarterly earnings results on Tuesday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13, Zacks reports. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.13% and a net margin of 8.19%.

Akbank Turk Anonim Sirketi Price Performance

Shares of OTCMKTS:AKBTY remained flat at $2.64 during trading on Thursday. 4,461 shares of the stock traded hands, compared to its average volume of 31,868. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 4.40 and a beta of 0.60. The company has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $3.34. Akbank Turk Anonim Sirketi has a 52-week low of $2.51 and a 52-week high of $4.24.

Akbank Turk Anonim Sirketi Company Profile

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.