Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Here’s What Happened

Zalando (OTCMKTS:ZLNDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $13.40. Zalando shares last traded at $13.44, with a volume of 575 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on ZLNDY. DZ Bank upgraded Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Zalando has a consensus rating of “Buy”.

Zalando Price Performance

The stock has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $13.42. 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 company has a market cap of $6.46 billion, a P/E ratio of 60.09 and a beta of 1.49.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.39%. On average, equities analysts expect that Zalando will post 0.32 EPS 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.