Zalando (OTCMKTS:ZLNDY) Sets New 1-Year High – Here’s Why

Zalando (OTCMKTS:ZLNDY)’s share price reached a new 52-week high on Monday . The company traded as high as $16.37 and last traded at $16.34, with a volume of 6696 shares. The stock had previously closed at $15.53.

Analyst Ratings Changes

Several brokerages have commented on ZLNDY. DZ Bank downgraded shares of Zalando from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Barclays raised shares of 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 research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Zalando presently has an average rating of “Moderate Buy”.

Zalando Trading Up 4.8%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The stock has a market cap of $8.40 billion, a P/E ratio of 62.58 and a beta of 1.51. The stock has a 50-day moving average price of $14.27 and a 200-day moving average price of $13.34.

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 the consensus estimate of $0.05 by ($0.25). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. On average, equities research analysts expect that Zalando will post 0.45 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.