D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Sees Strong Trading Volume – Here’s What Happened

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) shares saw unusually-high trading volume on Friday . Approximately 1,276,804 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 860,320 shares.The stock last traded at $2.77 and had previously closed at $3.02.

Analyst Upgrades and Downgrades

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

D-Market Elektronik Hizmetler ve Ticaret A.S. Trading Down 7.3 %

The business has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $3.02. 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 stock has a market capitalization of $787.87 million, a P/E ratio of -18.67 and a beta of 2.42.

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

A number of hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth $44,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the third quarter worth $47,000. Jump Financial LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter worth $66,000. GAMMA Investing LLC raised its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% during the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock worth $83,000 after acquiring an additional 4,152 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock worth $110,000 after acquiring an additional 29,046 shares in the last quarter. Hedge funds and other institutional investors 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.