D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Shares Gap Down – Time to Sell?

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.17, but opened at $3.05. D-Market Elektronik Hizmetler ve Ticaret A.S. shares last traded at $2.97, with a volume of 139,336 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Hsbc Global Res lowered shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. HSBC downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a research report on Wednesday, January 22nd.

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

The company has a market cap of $849.78 million, a price-to-earnings ratio of -20.13 and a beta of 2.42. 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’s 50 day moving average price is $3.30 and its 200 day moving average price is $3.02.

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

Hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth approximately $44,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth $47,000. Jump Financial LLC acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter worth $66,000. GAMMA Investing LLC increased its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the 4th quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock worth $83,000 after acquiring an additional 4,152 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% in the 3rd quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after acquiring an additional 29,046 shares during the period. 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.