D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Rating Lowered to Hold at HSBC

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $3.50 price target on the stock. HSBC’s target price would indicate a potential upside of 14.38% from the company’s current price.

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

Shares of HEPS stock opened at $3.06 on Wednesday. The business’s 50-day moving average price is $3.10 and its 200-day moving average price is $2.92. D-Market Elektronik Hizmetler ve Ticaret A.S. has a 12 month low of $1.25 and a 12 month high of $4.05. The firm has a market capitalization of $861.03 million, a price-to-earnings ratio of -20.40 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.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last announced its quarterly 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 net margin of 3.28% and a negative return on equity of 30.48%. Equities research analysts forecast that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

A number of hedge funds and other institutional investors have recently made changes to their positions in HEPS. XTX Topco Ltd acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the second quarter worth approximately $58,000. Cubist Systematic Strategies LLC acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the second quarter worth approximately $34,000. Mackenzie Financial Corp acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 47.3% in the third quarter. GAMMA Investing LLC now owns 23,098 shares of the company’s stock worth $52,000 after acquiring an additional 7,412 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter worth approximately $66,000. 40.46% of the stock is owned by institutional investors and hedge funds.

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.