D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Sees Strong Trading Volume – Should You Buy?

Shares of D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) saw strong trading volume on Friday . 1,276,804 shares were traded during 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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. HSBC downgraded 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 cut 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.

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

The business’s 50-day moving average is $3.30 and its 200 day moving average is $3.02. The company has a market cap of $746.79 million, a PE ratio of -17.67 and a beta of 2.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.02.

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

A number of hedge funds have recently modified their holdings of HEPS. Dynamic Technology Lab Private Ltd purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter valued at about $47,000. Flow Traders U.S. LLC purchased a new position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the third quarter valued at about $44,000. State Street Corp increased its position in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 7.3% in the third quarter. State Street Corp now owns 701,050 shares of the company’s stock valued at $1,584,000 after acquiring an additional 47,639 shares during the period. Jane Street Group LLC boosted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 148.7% during the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 809.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,780 shares of the company’s stock valued at $216,000 after purchasing an additional 85,245 shares in the last quarter. Hedge funds and other institutional investors own 40.46% of the company’s stock.

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.