D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Large Volume Increase – Should You Buy?

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

Wall Street Analysts Forecast Growth

HEPS has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Wednesday, January 21st. Wall Street Zen raised D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, D-MARKET Electronic Services & Trading presently has a consensus rating of “Reduce” and a consensus target price of $3.07.

D-MARKET Electronic Services & Trading Stock Up 4.2%

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.54. The company has a market cap of $1.02 billion, a PE ratio of -6.18 and a beta of 2.12. The business’s 50 day moving average is $2.74 and its 200-day moving average is $2.63.

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

Institutional Trading of D-MARKET Electronic Services & Trading

A number of hedge funds and other institutional investors have recently bought and sold shares of HEPS. Luxor Capital Group LP lifted its holdings in D-MARKET Electronic Services & Trading by 8.7% during the 3rd quarter. Luxor Capital Group LP now owns 3,912,903 shares of the company’s stock worth $10,526,000 after buying an additional 314,719 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of D-MARKET Electronic Services & Trading during the 3rd quarter worth about $638,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of D-MARKET Electronic Services & Trading in the 3rd quarter valued at about $164,000. Graham Capital Management L.P. acquired a new stake in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth about $55,000. Finally, Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 25,032 shares in the last quarter. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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.