D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Trading Down 3.4% – Here’s Why

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)’s share price fell 3.4% during trading on Tuesday . The company traded as low as $2.74 and last traded at $2.74. 30,737 shares were traded during mid-day trading, a decline of 97% from the average session volume of 896,960 shares. The stock had previously closed at $2.83.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “hold” rating to a “sell” rating in a research note on Saturday.

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Down 6.1%

The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $854.24 million, a price-to-earnings ratio of -17.69 and a beta of 2.42. The firm’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $3.04.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.40 million during the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative net margin of 3.28% and a negative return on equity of 30.48%. On average, sell-side analysts anticipate that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 1st quarter worth $527,000. Bosun Asset Management LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 1st quarter valued at about $412,000. VR Advisory Services Ltd increased its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 352.0% during the 1st quarter. VR Advisory Services Ltd now owns 12,413,583 shares of the company’s stock valued at $35,379,000 after acquiring an additional 9,667,225 shares during the last quarter. Brightlight Capital Management LP increased its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 25.6% during the 1st quarter. Brightlight Capital Management LP now owns 6,022,840 shares of the company’s stock valued at $17,165,000 after acquiring an additional 1,226,444 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 1st quarter valued at about $530,000. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

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.