D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Shares Up 5.1% – Here’s Why

Shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) shot up 5.1% on Wednesday . The stock traded as high as $3.80 and last traded at $3.74. 186,722 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 496,342 shares. The stock had previously closed at $3.56.

Analysts Set New Price Targets

A number of brokerages have issued reports on HEPS. Hsbc Global Res lowered shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. HSBC downgraded shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a report on Wednesday, January 22nd.

D-Market Elektronik Hizmetler ve Ticaret A.S. Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02. The firm has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $2.93. The firm has a market cap of $1.03 billion, a PE ratio of -24.37 and a beta of 2.43.

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) last posted its earnings results on Tuesday, December 10th. The company reported ($0.03) earnings per share for the quarter. D-Market Elektronik Hizmetler ve Ticaret A.S. had a negative net margin of 3.28% and a negative return on equity of 30.48%. Equities analysts predict that D-Market Elektronik Hizmetler ve Ticaret A.S. will post -0.03 EPS for the current fiscal year.

Institutional Trading of D-Market Elektronik Hizmetler ve Ticaret A.S.

Several hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the second quarter worth approximately $34,000. GAMMA Investing LLC lifted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 47.3% in the 3rd quarter. GAMMA Investing LLC now owns 23,098 shares of the company’s stock valued at $52,000 after purchasing an additional 7,412 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 3rd quarter worth approximately $47,000. Flow Traders U.S. LLC purchased a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 3rd quarter valued at $44,000. Finally, State Street Corp raised its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% during the 3rd quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after buying an additional 47,639 shares during the period. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

About D-Market Elektronik Hizmetler ve Ticaret A.S.

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.