Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Trading 12.3% Higher - Here's Why

Key Points

• Akbank shares jumped 12.3% to $3.358 on Wednesday, but trading volume was very light (~434 shares), down about 97% from the average, indicating the move occurred on thin liquidity.
• In the latest quarter the bank reported EPS of $0.17 (in line with estimates) and revenue of $1.59 billion, above the $1.52 billion consensus, with a net margin of 7.56% and return on equity of 21.46%.
• Valuation and balance-sheet metrics show a market cap of $8.32 billion and a low P/E of 5.71, while debt-to-equity of 0.91 and current/quick ratios near 1.02 point to moderate leverage and tight short-term liquidity.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY - Get Free Report) shares were up 12.3% during trading on Wednesday . The company traded as high as $3.3580 and last traded at $3.3580. Approximately 434 shares were traded during trading, a decline of 97% from the average daily volume of 13,015 shares. The stock had previously closed at $2.99.

Akbank Turk Anonim Sirketi Trading Up 7.0%

The firm has a market cap of $8.32 billion, a PE ratio of 5.71 and a beta of 0.67. The business has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $3.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 1.02.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.52 billion. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%.

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.

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