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

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw unusually-strong trading volume on Tuesday . 2,199,128 shares changed hands during mid-day 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.

Wall Street Analysts Forecast Growth

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

D-MARKET Electronic Services & Trading Stock Up 2.9%

The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $2.79 and a 200-day simple moving average of $2.77. The firm has a market cap of $959.15 million, a P/E ratio of -5.26 and a beta of 2.12.

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

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

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

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.