D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Lowered to “Hold” Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, HSBC downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price objective for the company. in a research report on Wednesday.

D-Market Elektronik Hizmetler ve Ticaret A.S. Trading Up 2.0 %

Shares of NASDAQ HEPS opened at $3.12 on Wednesday. The stock has a market cap of $877.91 million, a P/E ratio of -20.80 and a beta of 2.42. The firm has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $2.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 52-week low of $1.25 and a 52-week high of $4.05.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last posted its quarterly earnings data on Tuesday, December 10th. The company reported ($0.03) earnings per share for 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%. As a group, equities analysts forecast that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

A number of hedge funds have recently bought and sold shares of HEPS. State Street Corp boosted its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% during the third quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after acquiring an additional 47,639 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter valued at about $545,000. JPMorgan Chase & Co. boosted its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after purchasing an additional 85,245 shares in the last quarter. Jane Street Group LLC grew its stake in D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after purchasing an additional 29,046 shares during the period. Finally, Capricorn Fund Managers Ltd bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter worth approximately $66,000. Institutional investors own 40.46% of the company’s stock.

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