Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Should You Sell?

Zalando (OTCMKTS:ZLNDY) shares gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

ZLNDY has been the topic of a number of research reports. Barclays upgraded shares of Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. DZ Bank lowered Zalando from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of Zalando in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Zalando Stock Performance

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

Zalando (OTCMKTS:ZLNDY) last announced 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 the consensus estimate of $3.48 billion. Zalando had a net margin of 0.89% and a return on equity of 4.15%. As a group, sell-side analysts forecast that Zalando will post 0.45 earnings per share for the current year.

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.