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 unusually-strong trading volume on Wednesday . Approximately 701,048 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 260,842 shares.The stock last traded at $2.6450 and had previously closed at $2.64.

Analyst Upgrades and Downgrades

HEPS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Wall Street Zen lowered D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Stock Up 0.2%

The firm’s 50-day moving average price is $2.81 and its 200-day moving average price is $2.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.49. The company has a market cap of $944.86 million, a price-to-earnings ratio of -5.19 and a beta of 2.12.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 7.78% and a negative return on equity of 776.28%. The business had revenue of $483.32 million for the quarter.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HEPS. AXQ Capital LP purchased a new stake in shares of D-MARKET Electronic Services & Trading during the second quarter valued at approximately $50,000. VR Advisory Services Ltd grew its holdings in D-MARKET Electronic Services & Trading by 3.3% during the 4th quarter. VR Advisory Services Ltd now owns 16,472,821 shares of the company’s stock valued at $40,853,000 after purchasing an additional 531,084 shares in the last quarter. Millennium Management LLC purchased a new stake in D-MARKET Electronic Services & Trading during the 4th quarter worth $187,000. GAM Holding AG lifted its holdings in D-MARKET Electronic Services & Trading by 50.0% in the 4th quarter. GAM Holding AG now owns 450,000 shares of the company’s stock worth $1,116,000 after buying an additional 150,000 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in D-MARKET Electronic Services & Trading in the 4th quarter worth $55,000. 40.46% of the stock is owned by institutional investors and hedge funds.

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.