D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Downgraded by Hsbc Global Res to “Hold”

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, HSBC downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price objective for the company. in a report on Wednesday.

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

Shares of D-Market Elektronik Hizmetler ve Ticaret A.S. stock opened at $3.12 on Wednesday. The stock has a market capitalization of $877.91 million, a P/E ratio of -20.80 and a beta of 2.42. The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $3.11 and its 200 day moving average price is $2.92. D-Market Elektronik Hizmetler ve Ticaret A.S. has a twelve month low of $1.25 and a twelve month high of $4.05.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last posted 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, research analysts anticipate that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp bought a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the second quarter valued at about $29,000. Cubist Systematic Strategies LLC bought a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 2nd quarter valued at about $34,000. Flow Traders U.S. LLC acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 3rd quarter worth approximately $44,000. Dynamic Technology Lab Private Ltd acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter valued at approximately $47,000. Finally, GAMMA Investing LLC boosted its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 47.3% during the third quarter. GAMMA Investing LLC now owns 23,098 shares of the company’s stock worth $52,000 after buying an additional 7,412 shares in the last quarter. 40.46% of the stock is currently owned by institutional investors.

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.