D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Unusually-High Trading Volume – What’s Next?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw unusually-strong trading volume on Thursday . Approximately 514,905 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 274,488 shares.The stock last traded at $2.73 and had previously closed at $2.73.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, D-MARKET Electronic Services & Trading presently has an average rating of “Reduce” and a consensus target price of $3.07.

D-MARKET Electronic Services & Trading Stock Down 3.9%

The company’s fifty day moving average price is $2.73 and its 200-day moving average price is $2.63. The stock has a market capitalization of $975.24 million, a PE ratio of -5.93 and a beta of 2.12. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 0.50.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last released its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 6.95% and a negative return on equity of 338.17%. The business had revenue of $508.30 million for the quarter.

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

Large investors have recently made changes to their positions in the business. Graham Capital Management L.P. purchased a new position in shares of D-MARKET Electronic Services & Trading during the fourth quarter valued at approximately $55,000. Rhumbline Advisers lifted its holdings in shares of D-MARKET Electronic Services & Trading by 26.8% during the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after purchasing an additional 4,081 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of D-MARKET Electronic Services & Trading during the third quarter valued at approximately $164,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of D-MARKET Electronic Services & Trading by 111.5% during 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 last quarter. Finally, Millennium Management LLC purchased a new position in shares of D-MARKET Electronic Services & Trading during the fourth quarter valued at approximately $187,000. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

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.