Zalando (OTCMKTS:ZLNDY) Hits New 52-Week Low – Time to Sell?

Zalando (OTCMKTS:ZLNDY) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.34 and last traded at $12.46, with a volume of 14215 shares traded. The stock had previously closed at $12.4590.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Citigroup reaffirmed a “buy” rating on shares of Zalando in a research note on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Zalando Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.59. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 23.35 and a beta of 1.61. The stock has a 50-day moving average price of $14.13 and a 200 day moving average price of $14.30.

Zalando Company Profile

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.