D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Shares Gap Down – Here’s What Happened

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) gapped down before the market opened on Wednesday . The stock had previously closed at $3.14, but opened at $3.03. D-Market Elektronik Hizmetler ve Ticaret A.S. shares last traded at $3.10, with a volume of 79,084 shares traded.

Analysts Set New Price Targets

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

D-Market Elektronik Hizmetler ve Ticaret A.S. Stock Up 3.8 %

The firm has a 50 day simple moving average of $3.14 and a 200-day simple moving average 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. (NASDAQ:HEPS) last released its earnings results on Tuesday, December 10th. The company reported ($0.03) EPS for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative return on equity of 30.48% and a negative net margin of 3.28%. As a group, equities research analysts anticipate that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

Hedge funds and other institutional investors have recently modified their holdings of the company. ABS Direct Equity Fund LLC purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter worth $545,000. GAMMA Investing LLC lifted its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% during the 4th quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock worth $83,000 after buying an additional 4,152 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock worth $216,000 after buying an additional 85,245 shares during the last quarter. Jane Street Group LLC lifted 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 purchasing an additional 29,046 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of 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 period. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

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.