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

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares saw unusually-strong trading volume on Friday . Approximately 188,626 shares were traded during trading, a decline of 22% from the previous session’s volume of 242,273 shares.The stock last traded at $2.8550 and had previously closed at $2.78.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HEPS. Wall Street Zen raised shares of D-MARKET Electronic Services & Trading from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $3.07 price target (down from $4.85) on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, November 18th. Finally, Zacks Research upgraded D-MARKET Electronic Services & Trading to a “hold” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The stock has a market cap of $1.02 billion, a P/E ratio of -11.32 and a beta of 2.30. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $2.56 and a 200 day simple moving average of $2.64.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last released its earnings results on Wednesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 113.69% and a negative net margin of 5.42%. On average, equities analysts expect that D-MARKET Electronic Services & Trading Unsponsored ADR will post -0.03 earnings per share for the current year.

Institutional Trading of D-MARKET Electronic Services & Trading

Large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company’s stock valued at $55,000 after purchasing an additional 4,081 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of D-MARKET Electronic Services & Trading by 32.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 80,338 shares of the company’s stock worth $217,000 after acquiring an additional 19,841 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 in the last quarter. Schonfeld Strategic Advisors LLC increased its position in D-MARKET Electronic Services & Trading by 111.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 69,000 shares of the company’s stock worth $186,000 after purchasing an additional 36,378 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in D-MARKET Electronic Services & Trading by 62.5% during the 2nd quarter. Geode Capital Management LLC now owns 107,916 shares of the company’s stock worth $291,000 after purchasing an additional 41,525 shares in the last quarter. Institutional investors and hedge funds own 40.46% of the company’s stock.

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.