Shares of Akbank TAS (OTCMKTS:AKBTY – Get Rating) rose 6.2% in Thursday’s session. The company traded as low as $1.03 and last traded at $1.03. Approximately 139,315 shares were traded during trading, a 412% increase from the average daily volume of 27,188 shares. The stock had previously closed at $0.97.
Separately, JPMorgan Chase & Co. raised its price target on Akbank TAS from 12.70 to 15.00 and gave the stock an “overweight” rating in a Thursday, May 5 research note.
The company has a 50-day simple moving average of $1.07 and a two-hundred-day simple moving average of $1.08.
The company also recently declared a dividend, which was paid on Friday, April 8. Investors of record on Thursday, March 31 received a dividend of $0.0227 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, March 30.
Akbank TAS Company Profile (OTCMKTS: AKBTY)
Akbank TAS, together with its subsidiaries, provides various banking products and services in Turkey and abroad. It operates through: Retail Banking; Commercial Bank, SME Bank, Investment Bank and Private Bank; and segments of the treasury. The Company’s retail banking services include deposit accounts, personal loans, commercial installment loans, credit cards, insurance products and asset management services, as well as bank cards, investment fund trading, automatic payment, foreign currency trading, safe deposit box rental, checks, money transfer, investment banking, and telephone and Internet banking.
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