Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Time to Buy?

Zalando (OTCMKTS:ZLNDY – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $12.00, but opened at $13.03. Zalando shares last traded at $13.00, with a volume of 281 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on ZLNDY. Sanford C. Bernstein raised Zalando from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Barclays raised Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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Zalando Stock Up 0.2%

The company has a market capitalization of $6.82 billion, a PE ratio of 50.81 and a beta of 1.52. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $12.36 and a two-hundred day moving average of $13.08.

Zalando (OTCMKTS:ZLNDY – Get Free Report) 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). The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. Equities research analysts predict that Zalando will post 0.47 earnings per share for the current fiscal year.

Zalando Company Profile

(Get Free Report)

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.

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