D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Shares Gap Down – Time to Sell?

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) shares gapped down prior to trading on Wednesday . The stock had previously closed at $3.17, but opened at $3.05. D-Market Elektronik Hizmetler ve Ticaret A.S. shares last traded at $2.97, with a volume of 139,336 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on HEPS. HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a report on Wednesday, January 22nd. Hsbc Global Res lowered shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

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

The company has a market capitalization of $849.78 million, a P/E ratio of -20.13 and a beta of 2.42. The stock has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.02. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tekne Capital Management LLC acquired a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter valued at approximately $18,786,000. Brightlight Capital Management LP bought a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter worth approximately $14,533,000. VR Advisory Services Ltd bought a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter worth approximately $8,321,000. BIT Capital GmbH grew its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 9,161.3% in the 4th quarter. BIT Capital GmbH now owns 1,499,495 shares of the company’s stock valued at $4,543,000 after buying an additional 1,483,304 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter valued at $2,735,000. 40.46% of the stock is 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.