Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Here’s Why

Zalando (OTCMKTS:ZLNDY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $14.66, but opened at $15.46. Zalando shares last traded at $15.38, with a volume of 3,992 shares.

Analysts Set New Price Targets

ZLNDY has been the subject of a number of analyst reports. Barclays upgraded shares of Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Citigroup reissued a “buy” rating on shares of Zalando in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zalando presently has an average rating of “Moderate Buy”.

Zalando Stock Performance

The company’s 50 day simple moving average is $13.86 and its 200 day simple moving average is $14.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.12. The stock has a market cap of $8.10 billion, a PE ratio of 29.52 and a beta of 1.60.

Zalando (OTCMKTS:ZLNDY) last released its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.09). The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.45 billion. Zalando had a net margin of 2.07% and a return on equity of 8.67%. Analysts expect that Zalando will post 0.5 earnings per share for the current 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.