Akbank T.A.S. (OTCMKTS:AKBTY) Issues Earnings Results

Akbank T.A.S. (OTCMKTS:AKBTY) released its earnings results on Friday. The company reported $0.10 earnings per share for the quarter, Zacks reports.

Akbank T.A.S. Stock Down 5.7 %

Akbank T.A.S. stock traded down $0.22 during mid-day trading on Friday, reaching $3.62. The company’s stock had a trading volume of 11,207 shares, compared to its average volume of 12,617. Akbank T.A.S. has a 12 month low of $2.40 and a 12 month high of $4.46. The business’s 50 day simple moving average is $3.63 and its 200 day simple moving average is $3.48. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.73.

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.