D-MARKET Electronic Services & Trading (NASDAQ:HEPS) Shares Climb 4.2% – Here’s What Happened

D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) shares shot up 4.2% on Friday. The company traded as high as $2.49 and last traded at $2.46. Approximately 45,325 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 293,682 shares. The stock had previously closed at $2.36.

Analysts Set New Price Targets

Several brokerages recently weighed in on HEPS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-MARKET Electronic Services & Trading in a report on Tuesday, August 11th. 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. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, D-MARKET Electronic Services & Trading presently has a consensus rating of “Reduce” and a consensus price target of $3.07.

D-MARKET Electronic Services & Trading Trading Up 7.6%

The stock has a market cap of $1.09 billion, a P/E ratio of -4.98 and a beta of 2.12. The stock’s 50-day moving average is $2.72 and its two-hundred day moving average is $2.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.49.

D-MARKET Electronic Services & Trading (NASDAQ:HEPS) last announced 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 company had revenue of $483.32 million during the quarter.

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

A hedge fund recently bought a new stake in D-MARKET Electronic Services & Trading stock. AXQ Capital LP acquired a new position in D-MARKET Electronic Services & Trading Unsponsored ADR (NASDAQ:HEPS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,267 shares of the company’s stock, valued at approximately $50,000. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

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.