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

Key Points

• HEPS trading volume surged 169% to approximately 701,048 shares, while the stock ended nearly unchanged at $2.645.
• Analyst sentiment is weak: the consensus rating is “Reduce”, with two Holds and one Sell, and a consensus price target of $3.07.
• The company remains unprofitable, reporting a quarterly loss of $0.11 per share, a negative 7.78% net margin, and a negative 776.28% return on equity.

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) saw strong 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 equities research analysts recently issued reports on the company. Wall Street Zen lowered D-MARKET Electronic Services & Trading from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Price Performance

The company has a market capitalization of $944.86 million, a price-to-earnings ratio of -5.19 and a beta of 2.12. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $2.81 and its 200-day simple moving average is $2.77.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $483.32 million for the quarter.

Institutional Investors Weigh In On D-MARKET Electronic Services & Trading

Hedge funds have recently made changes to their positions in the business. AXQ Capital LP acquired a new position in D-MARKET Electronic Services & Trading in the second quarter valued at $50,000. Rhumbline Advisers boosted its stake in D-MARKET Electronic Services & Trading by 26.8% in the 1st quarter. Rhumbline Advisers now owns 19,296 shares of the company's stock worth $55,000 after buying an additional 4,081 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in D-MARKET Electronic Services & Trading in the 4th quarter valued at about $55,000. Schonfeld Strategic Advisors LLC increased its stake in shares of 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 valued at $186,000 after acquiring an additional 36,378 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of D-MARKET Electronic Services & Trading during the 4th quarter valued at about $187,000. 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.

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