Zalando (ETR:ZAL) Stock Price Down 9.2%

Zalando SE (ETR:ZAL – Get Rating) dropped 9.2% on Wednesday . The stock traded as low as €32.02 ($34.06) and last traded at €32.43 ($34.50). Approximately 1,711,467 shares changed hands during trading, The stock had previously closed at €35.72 ($38.00).

The firm has a market cap of $8.36 billion and a PE ratio of 36.85. The firm has a fifty day simple moving average of €41.66 and a two-hundred day simple moving average of €58.20. The company has a debt-to-equity ratio of 70.98, a quick ratio of 1.06 and a current ratio of 1.61.

About Zalando (ETR:ZAL)

Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.

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