D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sets New 1-Year Low – Time to Sell?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $2.26 and last traded at $2.28, with a volume of 189407 shares traded. The stock had previously closed at $2.32.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued 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. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.50.

D-MARKET Electronic Services & Trading Price Performance

The firm has a market cap of $748.18 million, a price-to-earnings ratio of -9.26 and a beta of 2.30. The company’s fifty day moving average is $2.65 and its 200 day moving average is $2.71. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.10) EPS for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 113.69% and a negative net margin of 5.42%. On average, equities research analysts predict that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HEPS. Rhumbline Advisers lifted its stake in D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after purchasing an additional 4,081 shares during the last quarter. XTX Topco Ltd bought a new stake in D-MARKET Electronic Services & Trading in the first quarter valued at approximately $80,000. Wealth Enhancement Advisory Services LLC bought a new stake in D-MARKET Electronic Services & Trading in the third quarter valued at approximately $164,000. Schonfeld Strategic Advisors LLC lifted its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after buying an additional 36,378 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of D-MARKET Electronic Services & Trading by 62.5% during the 2nd quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after acquiring an additional 41,525 shares during the period. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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.