Zalando (OTCMKTS:ZLNDY) Shares Down 0.8% – Here’s Why

Zalando (OTCMKTS:ZLNDY)’s share price was down 0.8% during trading on Tuesday . The company traded as low as $14.10 and last traded at $14.26. Approximately 28,364 shares changed hands during trading, an increase of 49% from the average daily volume of 19,051 shares. The stock had previously closed at $14.38.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Zalando Trading Down 0.8%

The business’s 50 day simple moving average is $13.81 and its two-hundred day simple moving average is $14.72. The stock has a market cap of $7.53 billion, a P/E ratio of 27.42 and a beta of 1.60. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.09). The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. Zalando had a net margin of 2.07% and a return on equity of 8.67%. As a group, analysts expect that Zalando will post 0.5 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.