Zalando (OTCMKTS:ZLNDY) Sets New 12-Month High – Time to Buy?

Zalando (OTCMKTS:ZLNDY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $16.37 and last traded at $16.34, with a volume of 6696 shares trading hands. The stock had previously closed at $15.53.

Wall Street Analyst Weigh In

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

Zalando Price Performance

The business’s 50 day moving average price is $14.48 and its two-hundred day moving average price is $13.37. The stock has a market cap of $8.29 billion, a P/E ratio of 65.27 and a beta of 1.51. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). Zalando had a return on equity of 4.15% and a net margin of 0.89%.The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. As a group, sell-side analysts expect that Zalando will post 0.45 earnings per share for the current fiscal 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.