Zalando (OTCMKTS:ZLNDY) Shares Gap Down – What’s Next?

Zalando (OTCMKTS:ZLNDY) gapped down prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $13.40. Zalando shares last traded at $13.44, with a volume of 575 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZLNDY shares. DZ Bank upgraded Zalando from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Finally, Barclays raised shares of Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Zalando Stock Performance

The stock has a market capitalization of $6.50 billion, a P/E ratio of 60.50 and a beta of 1.49. The stock has a 50 day moving average of $14.83 and a 200 day moving average of $13.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09.

Zalando (OTCMKTS:ZLNDY) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). Zalando had a net margin of 0.70% and a return on equity of 3.39%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.97 billion. Equities analysts predict that Zalando will post 0.32 EPS for the current year.

About Zalando

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.