D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Issues Earnings Results

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) posted its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $494.87 million during the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.

D-MARKET Electronic Services & Trading Price Performance

D-MARKET Electronic Services & Trading stock remained flat at $2.74 during trading hours on Friday. 261,763 shares of the company’s stock traded hands, compared to its average volume of 137,645. D-MARKET Electronic Services & Trading has a 1 year low of $2.15 and a 1 year high of $3.33. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -5.27 and a beta of 2.29. The company’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.74.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $3.07.

Hedge Funds Weigh In On D-MARKET Electronic Services & Trading

An institutional investor recently bought a new position in D-MARKET Electronic Services & Trading stock. AXQ Capital LP acquired a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,267 shares of the company’s stock, valued at approximately $50,000. Institutional investors and hedge funds own 40.46% of the company’s stock.

About D-MARKET Electronic Services & Trading

D-MARKET Electronic Services & Trading, operating under the Hepsiburada brand, is a Turkey-based e-commerce company. Its online marketplace connects consumers with merchants offering a broad range of products, including consumer electronics, home and living goods, fashion, beauty and personal care products, groceries, and other everyday merchandise.

Founded in 2000 by Hanzade Doğan Boyner, Hepsiburada has developed an integrated digital commerce ecosystem serving customers primarily in Turkey.