Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Should You Sell?

Zalando (OTCMKTS:ZLNDY) shares gapped down prior to trading on Friday . The stock had previously closed at $15.09, but opened at $14.08. Zalando shares last traded at $14.03, with a volume of 205 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZLNDY. Sanford C. Bernstein raised shares of Zalando from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Citigroup reissued a “buy” rating on shares of Zalando in a report on Thursday, May 14th. Finally, Barclays upgraded shares of Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zalando currently has an average rating of “Moderate Buy”.

Zalando Stock Performance

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 stock’s 50-day moving average price is $13.03 and its 200-day moving average price is $13.20. The company has a market cap of $7.24 billion, a P/E ratio of 53.96 and a beta of 1.54.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data 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). Zalando had a return on equity of 4.15% and a net margin of 0.89%.The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. Equities analysts anticipate that Zalando will post 0.47 EPS for the current 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.