Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Earnings Results, Hits Expectations

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) issued its earnings results on Tuesday. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13, Zacks reports. Akbank Turk Anonim Sirketi had a return on equity of 21.12% and a net margin of 7.87%.

Akbank Turk Anonim Sirketi Price Performance

Shares of AKBTY remained flat at $2.79 on Tuesday. The stock had a trading volume of 12,045 shares, compared to its average volume of 31,798. The firm has a market capitalization of $7.25 billion, a P/E ratio of 4.81 and a beta of 0.60. Akbank Turk Anonim Sirketi has a fifty-two week low of $2.51 and a fifty-two week high of $4.24. The business has a fifty day moving average price of $3.01 and a 200 day moving average price of $3.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

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.