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

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw unusually-strong trading volume on Tuesday . Approximately 569,436 shares were traded during mid-day trading, an increase of 100% from the previous session’s volume of 284,699 shares.The stock last traded at $2.5650 and had previously closed at $2.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HEPS shares. Weiss Ratings reiterated 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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, D-MARKET Electronic Services & Trading has an average rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Trading Up 2.4%

The business has a 50 day moving average of $2.75 and a two-hundred day moving average of $2.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.77. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -5.01 and a beta of 2.12.

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 (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.The firm had revenue of $483.32 million during the quarter.

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

An institutional investor recently raised its stake in D-MARKET Electronic Services & Trading stock. UBS Group AG raised its holdings in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,087 shares of the company’s stock after purchasing an additional 200,404 shares during the quarter. UBS Group AG owned 0.25% of D-MARKET Electronic Services & Trading worth $2,212,000 as of its most recent SEC filing. 40.46% of the stock is currently owned by institutional investors and hedge funds.

About D-MARKET Electronic Services & Trading

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.