D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Trading Down 6.3% – Time to Sell?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s stock price dropped 6.3% during mid-day trading on Tuesday . The company traded as low as $2.15 and last traded at $2.1650. Approximately 257,052 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 427,170 shares. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HEPS. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $3.07 target price (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.29.

D-MARKET Electronic Services & Trading Trading Down 5.0%

The company’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.71. The firm has a market cap of $705.43 million, a PE ratio of -8.78 and a beta of 2.30. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last released its earnings results on Wednesday, November 5th. The company reported ($0.10) EPS for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. As a group, sell-side analysts forecast that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current year.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

A number of hedge funds have recently added to or reduced their stakes in HEPS. Baader Bank Aktiengesellschaft bought a new position in D-MARKET Electronic Services & Trading in the second quarter worth approximately $444,000. Bosun Asset Management LLC bought a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter worth $412,000. Brightlight Capital Management LP increased its stake in shares of D-MARKET Electronic Services & Trading by 25.6% during the first quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock valued at $17,165,000 after buying an additional 1,226,444 shares during the period. VR Advisory Services Ltd increased its stake in shares of D-MARKET Electronic Services & Trading by 352.0% during the first quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock valued at $35,379,000 after buying an additional 9,667,225 shares during the period. Finally, XTX Topco Ltd bought a new position in D-MARKET Electronic Services & Trading during the 1st quarter worth about $80,000. 40.46% of the stock is currently owned by institutional investors.

About D-MARKET Electronic Services & Trading

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc.