D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Hits New 12-Month Low – Here’s Why

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares hit a new 52-week low on Monday . The stock traded as low as $2.28 and last traded at $2.34, with a volume of 188756 shares trading hands. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HEPS. Wall Street Zen downgraded D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, D-MARKET Electronic Services & Trading currently has an average rating of “Reduce” and a consensus price target of $3.50.

D-MARKET Electronic Services & Trading Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.72. The firm has a market capitalization of $748.82 million, a PE ratio of -9.32 and a beta of 2.30.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings data 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%. Equities analysts forecast that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in D-MARKET Electronic Services & Trading by 26.8% in the first 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 period. XTX Topco Ltd acquired a new stake in D-MARKET Electronic Services & Trading in the 1st quarter valued at about $80,000. Wealth Enhancement Advisory Services LLC acquired a new stake in D-MARKET Electronic Services & Trading in the third quarter valued at approximately $164,000. Geode Capital Management LLC lifted its position 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 purchasing an additional 41,525 shares during the last quarter. Finally, Bosun Asset Management LLC acquired a new position in shares of D-MARKET Electronic Services & Trading during the first quarter worth $412,000. 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.