Zalando (OTCMKTS:ZLNDY) Downgraded by DZ Bank to Hold

Zalando (OTCMKTS:ZLNDY) was downgraded by investment analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Sanford C. Bernstein raised Zalando from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Barclays upgraded Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Zalando Stock Performance

Shares of ZLNDY stock opened at $14.11 on Friday. Zalando has a 12 month low of $10.84 and a 12 month high of $17.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.58. The firm has a market capitalization of $7.29 billion, a P/E ratio of 54.27 and a beta of 1.54. The company’s fifty day moving average price is $13.05 and its two-hundred day moving average price is $13.20.

Zalando (OTCMKTS:ZLNDY) last announced its earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion. Zalando had a net margin of 0.89% and a return on equity of 4.15%. On average, research analysts anticipate that Zalando will post 0.47 earnings per share for the current fiscal year.

Zalando Company Profile

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.