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

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) posted its earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. D-MARKET Electronic Services & Trading had a negative net margin of 7.78% and a negative return on equity of 507.77%. The business had revenue of $483.32 million during the quarter.

D-MARKET Electronic Services & Trading Stock Down 5.1%

D-MARKET Electronic Services & Trading stock traded down $0.15 during mid-day trading on Friday, hitting $2.77. 175,735 shares of the company’s stock were exchanged, compared to its average volume of 102,732. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 0.50. The stock has a market cap of $989.53 million, a P/E ratio of -5.43 and a beta of 2.08. D-MARKET Electronic Services & Trading has a 1-year low of $2.15 and a 1-year high of $3.33. The stock has a 50 day moving average of $2.85 and a two-hundred day moving average of $2.78.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEPS. Rhumbline Advisers boosted its position in D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after purchasing an additional 4,081 shares during the period. Graham Capital Management L.P. bought a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter valued at approximately $55,000. Schonfeld Strategic Advisors LLC raised its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock valued at $186,000 after purchasing an additional 36,378 shares during the period. Millennium Management LLC acquired a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth $187,000. Finally, Aberdeen Group plc acquired a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth $191,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

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. It also offers Hepsiburada Market, an app-in-app initiative and on-demand delivery service that delivers groceries and water; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and Hepsiburada Seyahat for buying airline tickets online.