D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Up 0.7% – What’s Next?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS)’s share price rose 0.7% on Monday . The stock traded as high as $2.87 and last traded at $2.84. 162,652 shares were traded during mid-day trading, an increase of 43% from the average session volume of 113,606 shares. The stock had previously closed at $2.82.

D-MARKET Electronic Services & Trading Trading Up 0.7%

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.17 and a beta of 2.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.54 and a current ratio of 0.82. The business has a 50-day moving average of $2.83 and a 200-day moving average of $2.77.

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

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

Hedge funds have recently modified their holdings of the business. Graham Capital Management L.P. acquired a new position in shares of D-MARKET Electronic Services & Trading in the 4th quarter valued at $55,000. Rhumbline Advisers raised its position 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 valued at $55,000 after purchasing an additional 4,081 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in D-MARKET Electronic Services & Trading by 111.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after purchasing an additional 36,378 shares during the period. Millennium Management LLC acquired a new stake in D-MARKET Electronic Services & Trading during the 4th quarter worth $187,000. Finally, Aberdeen Group plc purchased a new position in D-MARKET Electronic Services & Trading during the 4th quarter worth $191,000. 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.