Akbank T.A.S. (OTCMKTS:AKBTY) Stock Price Down 4.1% – Here’s What Happened

Shares of Akbank T.A.S. (OTCMKTS:AKBTY) traded down 4.1% on Wednesday . The company traded as low as $3.50 and last traded at $3.52. 6,725 shares changed hands during trading, a decline of 86% from the average session volume of 46,954 shares. The stock had previously closed at $3.67.

Akbank T.A.S. Stock Down 4.1 %

The firm has a 50 day moving average price of $3.23 and a 200-day moving average price of $3.53. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 2.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32.

Akbank T.A.S. (OTCMKTS:AKBTY) last released its earnings results on Thursday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $1.18 billion for the quarter.

Akbank T.A.S. Company Profile

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company’s consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.