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

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares saw strong trading volume on Thursday . 514,905 shares traded hands during 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $3.07.

D-MARKET Electronic Services & Trading Trading Up 4.2%

The business’s 50-day simple moving average is $2.74 and its two-hundred day simple moving average is $2.63. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.18 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 issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter. The company had revenue of $508.30 million during the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 338.17% and a negative net margin of 6.95%.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

Several institutional investors and hedge funds have recently modified their holdings of HEPS. Luxor Capital Group LP lifted its position in shares of D-MARKET Electronic Services & Trading by 8.7% during the third quarter. Luxor Capital Group LP now owns 3,912,903 shares of the company’s stock worth $10,526,000 after purchasing an additional 314,719 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of D-MARKET Electronic Services & Trading in the third quarter valued at approximately $638,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of D-MARKET Electronic Services & Trading in the third quarter valued at approximately $164,000. Graham Capital Management L.P. purchased a new stake in D-MARKET Electronic Services & Trading during the 4th quarter worth approximately $55,000. Finally, Geode Capital Management LLC increased its stake in D-MARKET Electronic Services & Trading by 19.2% during the 4th quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock worth $385,000 after buying an additional 25,032 shares during the period. Hedge funds and other institutional investors own 40.46% of the company’s stock.

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.