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

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. HSBC cut shares of D-Market Elektronik Hizmetler ve Ticaret A.S. from a “buy” rating to a “hold” rating and set a $3.50 price objective for the company. in a report on Wednesday, January 22nd. Hsbc Global Res downgraded D-Market Elektronik Hizmetler ve Ticaret A.S. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

D-Market Elektronik Hizmetler ve Ticaret A.S. Trading Down 0.5 %

The company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $3.25 and a 200-day moving average of $2.94.

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

Institutional Investors Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 2nd quarter worth about $34,000. Flow Traders U.S. LLC purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter worth approximately $44,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter valued at approximately $47,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 7,412 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 40.46% of the company’s stock.

D-Market Elektronik Hizmetler ve Ticaret A.S. Company Profile

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.