Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Shares Gap Down – Should You Sell?

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $2.75, but opened at $2.55. Akbank Turk Anonim Sirketi shares last traded at $2.55, with a volume of 148 shares.

Akbank Turk Anonim Sirketi Stock Performance

The company’s 50-day moving average is $2.86 and its two-hundred day moving average is $3.02. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00. The company has a market cap of $7.07 billion, a P/E ratio of 4.53 and a beta of 0.59.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates 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. Founded in 1948 by Hacı Ömer Sabancı, the bank was established in Adana to provide financing to local cotton producers and has since developed into a diversified financial institution serving retail, small and medium-sized enterprises, commercial, corporate and investment banking customers.

Akbank offers deposit accounts, consumer and business loans, credit and debit cards, payment services, foreign-exchange transactions, cash management and trade finance.