D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Unusually-High Trading Volume – Still a Buy?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw strong trading volume on Wednesday . 2,240,457 shares traded hands during mid-day 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $2.75 and a 200 day simple moving average of $2.68. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.09 and a beta of 2.10.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of D-MARKET Electronic Services & Trading by 26.8% during the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after buying an additional 4,081 shares during the period. Graham Capital Management L.P. purchased a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter valued at $55,000. Schonfeld Strategic Advisors LLC increased its stake in shares of D-MARKET Electronic Services & Trading by 111.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after acquiring an additional 36,378 shares during the last quarter. Millennium Management LLC acquired a new position in shares of D-MARKET Electronic Services & Trading in the fourth quarter worth $187,000. Finally, Aberdeen Group plc purchased a new stake in shares of D-MARKET Electronic Services & Trading during the fourth quarter worth $191,000. 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.