D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Trading Up 8% – Time to Buy?

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS)’s stock price was up 8% during mid-day trading on Monday . The company traded as high as $3.03 and last traded at $3.03. Approximately 2,278,126 shares traded 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 Analysts Forecast Growth

A number of research analysts have commented on the company. Hsbc Global Res lowered 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 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 on the stock. in a research report on Wednesday, January 22nd.

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

The company has a 50 day moving average of $3.29 and a two-hundred day moving average of $3.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.66. The company has a market capitalization of $862.44 million, a PE ratio of -20.64 and a beta of 2.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. VR Advisory Services Ltd purchased a new stake in D-Market Elektronik Hizmetler ve Ticaret A.S. in the fourth quarter worth about $8,321,000. Squarepoint Ops LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 4th quarter worth approximately $112,000. OLP CAPITAL MANAGEMENT Ltd purchased a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter valued at $702,000. Cubist Systematic Strategies LLC raised its stake in D-Market Elektronik Hizmetler ve Ticaret A.S. by 208.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 79,112 shares of the company’s stock valued at $240,000 after buying an additional 53,441 shares during the last quarter. Finally, Brightlight Capital Management LP purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the fourth quarter worth $14,533,000. 40.46% of the stock is currently owned by institutional investors.

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.