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

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw unusually-high trading volume on Wednesday . Approximately 701,048 shares changed hands during trading, an increase of 169% from the previous session’s volume of 260,842 shares.The stock last traded at $2.6450 and had previously closed at $2.64.

Analyst Ratings Changes

A number of brokerages have commented on HEPS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, August 11th. Wall Street Zen downgraded D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $3.07.

D-MARKET Electronic Services & Trading Trading Down 0.4%

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.49. The firm’s 50 day moving average price is $2.80 and its 200 day moving average price is $2.77. The stock has a market capitalization of $943.09 million, a P/E ratio of -5.18 and a beta of 2.12.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HEPS. AXQ Capital LP purchased a new stake in shares of D-MARKET Electronic Services & Trading in the 2nd quarter worth about $50,000. Rhumbline Advisers boosted its position in 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 acquiring an additional 4,081 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter worth approximately $55,000. Schonfeld Strategic Advisors LLC raised its position in shares of D-MARKET Electronic Services & Trading by 111.5% in the 3rd 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 in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of D-MARKET Electronic Services & Trading in the 4th quarter valued at approximately $187,000. 40.46% of the stock is owned by hedge funds and other institutional investors.

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.