D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Stock Price Down 3.8% – Here’s What Happened

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)’s stock price dropped 3.8% during trading on Tuesday . The company traded as low as $3.03 and last traded at $3.04. Approximately 147,835 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 820,180 shares. The stock had previously closed at $3.16.

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

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 0.69. The stock’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $2.81. The firm has a market capitalization of $841.34 million, a price-to-earnings ratio of -19.93 and a beta of 2.46.

Institutional Trading of D-Market Elektronik Hizmetler ve Ticaret A.S.

Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 2nd quarter worth about $326,000. JPMorgan Chase & Co. raised its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% in the third quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after acquiring an additional 85,245 shares during the last quarter. State Street Corp boosted its stake in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the third quarter. State Street Corp now owns 701,050 shares of the company’s stock worth $1,584,000 after purchasing an additional 47,639 shares in the last quarter. Capricorn Fund Managers Ltd bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 3rd quarter worth about $66,000. Finally, Jane Street Group LLC grew its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock valued at $110,000 after purchasing an additional 29,046 shares during the last quarter. Institutional investors own 40.46% of the company’s stock.

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.