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 strong trading volume on Wednesday . 2,240,457 shares traded hands during trading, an increase of 648% from the previous session’s volume of 299,697 shares.The stock last traded at $2.7950 and had previously closed at $2.72.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two 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, D-MARKET Electronic Services & Trading presently has an average rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Trading Up 2.9%

The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.00 billion, a P/E ratio of -6.09 and a beta of 2.10. The firm’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $2.68.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HEPS. VR Advisory Services Ltd raised its holdings in D-MARKET Electronic Services & Trading by 14.4% during the 3rd quarter. VR Advisory Services Ltd now owns 15,941,737 shares of the company’s stock worth $42,883,000 after buying an additional 2,007,252 shares during the period. State Street Corp lifted its stake in D-MARKET Electronic Services & Trading by 190.4% during the fourth quarter. State Street Corp now owns 2,379,825 shares of the company’s stock valued at $5,902,000 after buying an additional 1,560,395 shares in the last quarter. Luxor Capital Group LP boosted its holdings in shares of D-MARKET Electronic Services & Trading by 8.7% in the third 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 period. GSA Capital Partners LLP purchased a new position in shares of D-MARKET Electronic Services & Trading in the third quarter worth approximately $638,000. Finally, UBS Group AG increased its position in shares of D-MARKET Electronic Services & Trading by 29.0% in the fourth quarter. UBS Group AG now owns 892,087 shares of the company’s stock worth $2,212,000 after acquiring an additional 200,404 shares in the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

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.