D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $2.74 and traded as low as $2.70. D-MARKET Electronic Services & Trading shares last traded at $2.71, with a volume of 79,259 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Wednesday, November 4th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.66. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -5.21 and a beta of 2.29. The firm has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $2.74.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.12) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 371.24% and a negative net margin of 8.62%. The business had revenue of $494.87 million for the quarter.

Institutional Trading of D-MARKET Electronic Services & Trading

An institutional investor recently bought a new stake in D-MARKET Electronic Services & Trading stock. AXQ Capital LP bought a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,267 shares of the company’s stock, valued at approximately $50,000. 40.46% of the stock is owned by institutional investors.

About D-MARKET Electronic Services & Trading

D-MARKET Electronic Services & Trading operates Hepsiburada, a Turkish e-commerce platform that connects consumers with merchants and also sells products directly. Its marketplace offers goods across categories such as electronics, home and lifestyle, fashion, personal care, and grocery. The company provides services that support online shopping and delivery, including its HepsiJet logistics network and HepsiPay digital payment services. It also offers Hepsiburada Premium, a paid membership program with shopping-related benefits.