D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Down 1.4% - Here's Why

Key Points

• Shares were down 1.4%, trading as low as $2.78 and last at $2.80 on about 119,141 shares—roughly 51% below the stock's average daily volume.
• Analysts carry a consensus rating of "Reduce" with a consensus target price of $3.07; Wall Street Zen recently upgraded to Hold while Weiss Ratings maintains a Sell (D-), leaving two Holds and one Sell on the books.
• The company has a market capitalization of about $1.0 billion, a negative P/E (-6.51), modest leverage (debt/equity 0.39) and weak liquidity ratios (current 0.89, quick 0.63), and institutions own roughly 40.46% of the stock.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) shares dropped 1.4% during trading on Thursday . The company traded as low as $2.78 and last traded at $2.80. Approximately 119,141 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 245,350 shares. The stock had previously closed at $2.84.

Analyst Ratings Changes

Several research firms have recently issued reports on HEPS. Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Weiss Ratings restated a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $3.07.

D-MARKET Electronic Services & Trading Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.63 and a current ratio of 0.89. The firm has a market capitalization of $1.00 billion, a P/E ratio of -6.51 and a beta of 2.24. The company has a 50-day moving average price of $2.73 and a 200-day moving average price of $2.62.

Institutional Trading of D-MARKET Electronic Services & Trading

A number of hedge funds and other institutional investors have recently modified their holdings of HEPS. Graham Capital Management L.P. acquired a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter valued at about $55,000. Rhumbline Advisers grew its holdings in D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after purchasing an additional 4,081 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in D-MARKET Electronic Services & Trading during the third quarter worth about $164,000. Schonfeld Strategic Advisors LLC grew its holdings in D-MARKET Electronic Services & Trading by 111.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company's stock worth $186,000 after purchasing an additional 36,378 shares during the period. Finally, Millennium Management LLC bought a new position in D-MARKET Electronic Services & Trading during the fourth quarter worth about $187,000. Institutional investors and hedge funds own 40.46% of the company's stock.

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.

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