Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Stock Jumps 11.4% – Time to Buy?

Shares of Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) were up 11.4% on Tuesday. The stock traded as high as $2.84 and last traded at $2.84. Approximately 480 shares were traded during trading, a decline of 97% from the average daily volume of 14,106 shares. The stock had previously closed at $2.55.

Akbank Turk Anonim Sirketi Trading Down 2.0%

The company has a market cap of $7.11 billion, a PE ratio of 4.88 and a beta of 0.62. The company’s 50 day simple moving average is $2.77 and its two-hundred day simple moving average is $3.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07.

Akbank Turk Anonim Sirketi Company Profile

(Get Free Report)

Akbank T.A.Ş. is a Turkish banking and financial services company founded in 1948 in Adana. It was established to provide financing to local cotton producers and has since grown into a broad-based bank serving individuals, businesses and institutions. The bank offers retail, commercial, corporate and small-business banking, including deposit and lending products, payment services, credit cards, foreign-exchange services and digital banking. It also provides investment and private-banking services.

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