D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Large Volume Increase – Here’s What Happened

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw strong trading volume on Wednesday . 2,240,457 shares were traded during mid-day trading, an increase of 648% from the previous session’s volume of 299,697 shares.The stock last traded at $2.7950 and had previously closed at $2.72.

Analyst Upgrades and Downgrades

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

D-MARKET Electronic Services & Trading Stock Performance

The firm’s 50 day moving average is $2.75 and its 200 day moving average is $2.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.54. The company has a market capitalization of $1.00 billion, a PE ratio of -6.09 and a beta of 2.10.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $508.30 million 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%.

Institutional Trading of D-MARKET Electronic Services & Trading

A number of institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. bought a new stake in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth about $55,000. Rhumbline Advisers lifted its holdings in D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after buying an additional 4,081 shares during the period. Schonfeld Strategic Advisors LLC grew its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after buying an additional 36,378 shares during the last quarter. Millennium Management LLC bought a new stake in shares of D-MARKET Electronic Services & Trading in the 4th quarter worth approximately $187,000. Finally, Aberdeen Group plc purchased a new position in shares of D-MARKET Electronic Services & Trading during the fourth quarter valued at approximately $191,000. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

D-MARKET Electronic Services & Trading Company Profile

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.