D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Shares Up 8% – Should You Buy?

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

Wall Street Analyst Weigh In

Several research firms have issued reports on HEPS. 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 on the stock. in a research 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. Price Performance

The stock has a market capitalization of $862.44 million, a PE ratio of -20.64 and a beta of 2.42. The firm’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $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.

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

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. in the 3rd quarter valued at about $44,000. Dynamic Technology Lab Private Ltd purchased a new position in D-Market Elektronik Hizmetler ve Ticaret A.S. in the 3rd quarter worth approximately $47,000. Jump Financial LLC purchased a new stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. during the fourth quarter valued at approximately $66,000. GAMMA Investing LLC increased its stake in shares of D-Market Elektronik Hizmetler ve Ticaret A.S. by 18.0% in the fourth quarter. GAMMA Investing LLC now owns 27,250 shares of the company’s stock worth $83,000 after buying an additional 4,152 shares during the period. Finally, Jane Street Group LLC boosted its position in 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 buying an additional 29,046 shares during the period. 40.46% of the stock is currently owned by hedge funds and other institutional investors.

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.