Zalando (OTCMKTS:ZLNDY) Reaches New 12-Month High – Should You Buy?

Zalando SE (OTCMKTS:ZLNDY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.67 and last traded at $18.33, with a volume of 31990 shares traded. The stock had previously closed at $18.07.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Zalando to a “strong-buy” rating in a research note on Thursday, October 3rd.

Zalando Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 43.64 and a beta of 1.75. The firm’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $13.98.

Zalando Company Profile

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.