D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Cut to Sell at Wall Street Zen

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $3.50.

D-MARKET Electronic Services & Trading Stock Performance

Shares of HEPS stock remained flat at $2.31 on Friday. The stock had a trading volume of 188,756 shares, compared to its average volume of 293,817. The firm has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.72. D-MARKET Electronic Services & Trading has a 12 month low of $2.28 and a 12 month high of $3.85. The company has a market capitalization of $742.39 million, a price-to-earnings ratio of -9.24 and a beta of 2.30. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 5.42% and a negative return on equity of 113.69%. On average, sell-side analysts expect that D-MARKET Electronic Services & Trading will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in D-MARKET Electronic Services & Trading by 26.8% during the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after acquiring an additional 4,081 shares during the period. XTX Topco Ltd purchased a new position in shares of D-MARKET Electronic Services & Trading during the 1st quarter valued at $80,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of D-MARKET Electronic Services & Trading in the third quarter worth $164,000. Geode Capital Management LLC raised its position in shares of D-MARKET Electronic Services & Trading by 62.5% in the second quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after buying an additional 41,525 shares in the last quarter. Finally, Bosun Asset Management LLC purchased a new stake in shares of D-MARKET Electronic Services & Trading in the first quarter worth $412,000. Hedge funds and other institutional investors own 40.46% of the company’s stock.

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.