D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Trading 8% Higher – What’s Next?

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) rose 8% during mid-day trading on Monday . The stock traded as high as $3.03 and last traded at $3.03. Approximately 2,278,126 shares changed hands during trading, an increase of 159% from the average daily volume of 879,824 shares. The stock had previously closed at $2.80.

Wall Street Analyst Weigh In

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

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

The stock has a market cap of $848.37 million, a price-to-earnings ratio of -20.10 and a beta of 2.42. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $3.29 and a 200 day simple moving average of $3.02.

Hedge Funds Weigh In On D-Market Elektronik Hizmetler ve Ticaret A.S.

A number of institutional investors have recently added to or reduced their stakes in HEPS. Flow Traders U.S. LLC bought 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 bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 3rd quarter worth $47,000. Jump Financial LLC bought a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. during the 4th quarter worth $66,000. GAMMA Investing LLC increased its holdings in D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the 4th quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock worth $83,000 after purchasing an additional 4,152 shares in the last quarter. Finally, Jane Street Group LLC raised its position in D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% in the third quarter. Jane Street Group LLC now owns 48,583 shares of the company’s stock valued at $110,000 after purchasing an additional 29,046 shares during the last quarter. 40.46% of the stock is currently owned by institutional investors and hedge funds.

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.