Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sets New 12-Month Low – Here’s What Happened

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

Akbank Turk Anonim Sirketi Price Performance

The company has a market capitalization of $6.24 billion, a PE ratio of 4.29 and a beta of 0.59. 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 50 day moving average price of $2.83 and a two-hundred day moving average price of $3.17.

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

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.