LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi d/b/a Hepsiburada (“Hepsiburada” or “the Company”) (NASDAQ: HEPS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Hepsiburada announced its second quarter 2021 financial results on August 26, 2021. The Company reported that its revenue grew by 5.2% for the quarter. The Company also disclosed “lower gross contribution driven primarily by investments to fortify our position in electronics, investments to penetrate in high frequency categories as well as higher customer demand for low margin products.” Based on this news, Hepsiburada’s ADS price fell sharply and are trading at less than half of its IPO price.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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