D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Up 5.1% – Here’s Why

Shares of D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shot up 5.1% during trading on Wednesday. The company traded as high as $2.57 and last traded at $2.5850. Approximately 73,116 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 294,386 shares. The stock had previously closed at $2.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded 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 restated a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $3.07.

D-MARKET Electronic Services & Trading Stock Performance

The stock has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.74. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -5.20 and a beta of 2.08. 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) EPS for the quarter. D-MARKET Electronic Services & Trading had a negative return on equity of 776.28% and a negative net margin of 7.78%.The business had revenue of $483.32 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in D-MARKET Electronic Services & Trading stock. AXQ Capital LP purchased a new stake in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,267 shares of the company’s stock, valued at approximately $50,000. Institutional investors own 40.46% of the company’s stock.

About D-MARKET Electronic Services & Trading

D-MARKET Electronic Services & Trading A.Ş., operating under the Hepsiburada brand, is a Turkey-based e-commerce company. Its online marketplace connects consumers with merchants offering a broad range of products, including consumer electronics, household goods, fashion, beauty and personal care products, groceries, and other everyday items.

In addition to its marketplace, Hepsiburada provides supporting services designed to facilitate online commerce, including logistics and delivery through HepsiJet and digital payment and financial services through Hepsipay.