Zalando (OTCMKTS:ZLNDY) Shares Gap Up – What’s Next?

Zalando (OTCMKTS:ZLNDY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $12.59, but opened at $13.3830. Zalando shares last traded at $13.3830, with a volume of 487 shares.

Wall Street Analyst Weigh In

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

Zalando Trading Up 3.5%

The company has a market cap of $6.49 billion, a P/E ratio of 60.43 and a beta of 1.46. The business’s 50-day moving average price is $13.33 and its 200 day moving average price is $13.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.63 and a current ratio of 1.06.

Zalando (OTCMKTS:ZLNDY) last issued 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 net margin of 0.70% and a return on equity of 3.46%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. As a group, analysts expect that Zalando will post 0.31 earnings per share for the current year.

Zalando Company Profile

Zalando SE is a Germany-based online fashion and lifestyle platform headquartered in Berlin. Founded in 2008 by Robert Gentz and David Schneider, the company began as an online footwear retailer and expanded into a broad European marketplace for fashion, beauty and lifestyle products.

The company offers clothing, shoes, accessories, sportswear, beauty products and related merchandise from numerous brands and private-label offerings. In addition to selling products directly, Zalando operates a platform that enables third-party brands and retailers to reach customers through its marketplace.