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

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares saw unusually-high trading volume on Friday . 322,536 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 263,765 shares.The stock last traded at $2.86 and had previously closed at $2.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday. 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.com, the company presently has an average rating of “Reduce” and a consensus target price of $3.07.

D-MARKET Electronic Services & Trading Stock Down 1.2%

The company has a market cap of $994.89 million, a price-to-earnings ratio of -5.46 and a beta of 2.08. The stock’s 50-day moving average is $2.87 and its 200-day moving average is $2.78. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.11) earnings per share for the quarter. D-MARKET Electronic Services & Trading had a negative net margin of 7.78% and a negative return on equity of 776.28%. The company had revenue of $483.32 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in D-MARKET Electronic Services & Trading by 26.8% in the first quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock worth $55,000 after acquiring an additional 4,081 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of D-MARKET Electronic Services & Trading by 32.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after purchasing an additional 19,841 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of D-MARKET Electronic Services & Trading in the 4th quarter worth $55,000. BNP Paribas Financial Markets grew its position in D-MARKET Electronic Services & Trading by 2.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 965,408 shares of the company’s stock valued at $2,607,000 after purchasing an additional 22,445 shares during the period. Finally, Geode Capital Management LLC grew its position in D-MARKET Electronic Services & Trading by 19.2% in the 4th quarter. Geode Capital Management LLC now owns 155,287 shares of the company’s stock valued at $385,000 after purchasing an additional 25,032 shares during the period. 40.46% of the stock is owned by institutional investors and hedge funds.

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.