Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Here’s Why

Zalando (OTCMKTS:ZLNDY) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.31, but opened at $11.83. Zalando shares last traded at $11.78, with a volume of 1,970 shares changing hands.

Wall Street Analyst Weigh In

ZLNDY has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded 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 reiterated a “buy” rating on shares of Zalando in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Zalando Trading Up 2.1%

The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 45.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 1.11. The business has a 50-day moving average of $12.39 and a 200-day moving average of $13.12.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). Zalando had a return on equity of 4.12% and a net margin of 0.89%.The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion. As a group, research analysts forecast that Zalando will post 0.47 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.