D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Sees Large Volume Increase – Time to Buy?

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) saw an uptick in trading volume on Thursday . 295,803 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 255,228 shares.The stock last traded at $2.68 and had previously closed at $2.68.

Wall Street Analysts Forecast Growth

HEPS has been the topic of several recent analyst reports. Wall Street Zen cut shares of D-MARKET Electronic Services & Trading from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Down 0.4%

The stock has a 50-day moving average of $2.82 and a two-hundred day moving average of $2.77. The company has a market cap of $953.80 million, a P/E ratio of -5.24 and a beta of 2.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.77.

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 (EPS) 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 business had revenue of $483.32 million for the quarter.

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

A number of institutional investors have recently added to or reduced their stakes in HEPS. AXQ Capital LP purchased a new position in shares of D-MARKET Electronic Services & Trading during the second quarter valued at approximately $50,000. VR Advisory Services Ltd grew its stake in shares of D-MARKET Electronic Services & Trading by 3.3% in the 4th quarter. VR Advisory Services Ltd now owns 16,472,821 shares of the company’s stock worth $40,853,000 after buying an additional 531,084 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of D-MARKET Electronic Services & Trading in the 4th quarter worth approximately $187,000. GAM Holding AG increased its position in D-MARKET Electronic Services & Trading by 50.0% during the 4th quarter. GAM Holding AG now owns 450,000 shares of the company’s stock valued at $1,116,000 after buying an additional 150,000 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in D-MARKET Electronic Services & Trading during the 4th quarter valued at approximately $55,000. Institutional investors 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.