Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading Down 9.3% – Here’s What Happened

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price fell 9.3% during mid-day trading on Thursday . The stock traded as low as $2.7650 and last traded at $2.7650. 6,133 shares were traded during mid-day trading, a decline of 40% from the average session volume of 10,207 shares. The stock had previously closed at $3.05.

Akbank Turk Anonim Sirketi Price Performance

The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 4.76 and a beta of 0.71. The company’s 50 day moving average is $3.27 and its 200-day moving average is $3.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

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.