D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Announces Earnings Results

Key Points

• D-MARKET Electronic Services & Trading reported a quarterly loss of ($0.06) earnings per share (EPS) and generated $431.50 million in revenue, with a negative net margin of 4.22%.
• Following the earnings announcement, HEPS stock declined to $2.62 per share, down $0.07, with a market capitalization of $842.02 million.
• Institutional ownership accounts for 40.46% of D-MARKET, with recent purchases signaling continued investor interest amidst a rating downgrade from "hold" to "sell" by Wall Street Zen.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $431.50 million for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 62.27% and a negative net margin of 4.22%.

D-MARKET Electronic Services & Trading Price Performance

Shares of NASDAQ HEPS traded down $0.03 during midday trading on Monday, hitting $2.60. The stock had a trading volume of 361,951 shares, compared to its average volume of 523,848. D-MARKET Electronic Services & Trading has a 1 year low of $2.11 and a 1 year high of $4.05. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $833.98 million, a PE ratio of -14.39 and a beta of 2.33. The stock has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.91.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

An institutional investor recently raised its position in D-MARKET Electronic Services & Trading stock. Rhumbline Advisers boosted its holdings in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,296 shares of the company's stock after acquiring an additional 4,081 shares during the quarter. Rhumbline Advisers' holdings in D-MARKET Electronic Services & Trading were worth $55,000 at the end of the most recent quarter. Institutional investors and hedge funds own 40.46% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded D-MARKET Electronic Services & Trading from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

D-MARKET Electronic Services & Trading Company Profile

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.