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

Akbank T.A.S. (OTCMKTS:AKBTY)’s stock price dropped 4.1% during trading on Wednesday . The company traded as low as $3.50 and last traded at $3.52. Approximately 6,725 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 46,954 shares. The stock had previously closed at $3.67.

Akbank T.A.S. Price Performance

The stock has a market capitalization of $9.15 billion, a P/E ratio of 2.76 and a beta of 0.76. The company’s 50 day simple moving average is $3.23 and its two-hundred day simple moving average is $3.53. 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 quarterly earnings results on Thursday, October 24th. The company reported $0.10 EPS for the quarter. The business had revenue of $1.18 billion for the quarter.

About Akbank T.A.S.

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.