Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Time to Sell?

Zalando (OTCMKTS:ZLNDY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $16.06, but opened at $15.41. Zalando shares last traded at $15.45, with a volume of 923 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZLNDY. Citigroup reissued a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. DZ Bank lowered Zalando from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Barclays upgraded shares of Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Zalando Trading Up 1.5%

The company’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $13.33. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 60.04 and a beta of 1.51. The company has a quick ratio of 0.58, a current ratio of 1.09 and a debt-to-equity ratio of 0.18.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 0.89% and a return on equity of 4.15%. As a group, research analysts anticipate that Zalando will post 0.45 earnings per share for the current fiscal 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.