D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Unusually-High Trading Volume – Here’s Why

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw strong trading volume on Tuesday . 2,199,128 shares were traded during trading, an increase of 738% from the previous session’s volume of 262,440 shares.The stock last traded at $2.6750 and had previously closed at $2.61.

Analysts Set New Price Targets

A number of research firms recently commented on HEPS. Wall Street Zen downgraded shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Stock Down 3.4%

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 firm has a market capitalization of $925.23 million, a price-to-earnings ratio of -5.08 and a beta of 2.12. The business has a 50 day moving average of $2.77 and a 200 day moving average of $2.77.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last announced its quarterly 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 company had revenue of $483.32 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in D-MARKET Electronic Services & Trading stock. AXQ Capital LP acquired a new stake in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,267 shares of the company’s stock, valued at approximately $50,000. 40.46% of the stock is currently owned by institutional investors and hedge funds.

D-MARKET Electronic Services & Trading Company Profile

D-MARKET Electronic Services & Trading, operating under the Hepsiburada brand, is a Turkey-based e-commerce company. Its online marketplace connects consumers with merchants offering products across categories such as electronics, home and living, fashion, beauty, groceries and consumer goods. The company also sells selected products directly through its own retail operations.

Hepsiburada supports its marketplace with logistics, payment and other digital commerce services. Its HepsiJet business provides delivery and fulfillment capabilities, while HepsiPay offers payment and related financial technology services.