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 Tuesday . The stock had previously closed at $12.34, but opened at $12.85. Zalando shares last traded at $12.89, with a volume of 2,046 shares.

Analyst Ratings Changes

Separately, DZ Bank upgraded shares of Zalando from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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Zalando Stock Performance

The company has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $13.49. The company has a quick ratio of 0.63, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $6.24 billion, a P/E ratio of 58.09 and a beta of 1.49.

Zalando (OTCMKTS:ZLNDY – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). Zalando had a return on equity of 3.46% and a net margin of 0.70%.The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Equities analysts expect that Zalando will post 0.32 earnings per share for the current year.

Zalando Company Profile

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Zalando SE is a Germany-based online fashion and lifestyle platform serving consumers and brands across Europe. The company operates digital marketplaces that offer clothing, footwear, accessories, beauty products and related lifestyle goods from international brands, local labels and its own assortment.

Founded in Berlin in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online shoe retail before expanding into a broader fashion and lifestyle marketplace. In addition to selling products directly to consumers, the company provides brands and retail partners with marketplace access, advertising solutions, fulfillment, logistics and other technology-enabled services.

Zalando serves customers in numerous European markets through localized websites and mobile applications.

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