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

Key Points

• HEPS trading volume doubled to 569,436 shares, while the stock rose to $2.565 from a $2.49 previous close.
• Analyst sentiment remains cautious: two analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating despite a $3.07 average price target.
• The company reported a quarterly loss of $0.11 per share, negative net margin, and negative return on equity, while institutional investors own 40.46% of shares.

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Get Free Report) saw unusually-high trading volume on Tuesday . 569,436 shares traded hands during trading, an increase of 100% from the previous session's volume of 284,699 shares.The stock last traded at $2.5650 and had previously closed at $2.49.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HEPS. Wall Street Zen cut shares of D-MARKET Electronic Services & Trading from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The stock has a 50 day moving average of $2.75 and a 200 day moving average of $2.77. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -5.01 and a beta of 2.12. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 0.50.

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

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

An institutional investor recently bought a new position in D-MARKET Electronic Services & Trading stock. AXQ Capital LP purchased a new position in shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,267 shares of the company's stock, valued at approximately $50,000. Hedge funds and other institutional investors own 40.46% of the company's stock.

About D-MARKET Electronic Services & Trading

D-MARKET Electronic Services & Trading, operating under the Hepsiburada brand, is a Turkey-based e-commerce company. Its online marketplace connects consumers with merchants offering products across categories such as electronics, home and living, fashion, beauty, groceries and consumer goods. The company also sells selected products directly through its own retail operations.

Hepsiburada supports its marketplace with logistics, payment and other digital commerce services. Its HepsiJet business provides delivery and fulfillment capabilities, while HepsiPay offers payment and related financial technology services.

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