Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Here’s Why

Zalando (OTCMKTS:ZLNDY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $12.59, but opened at $13.3830. Zalando shares last traded at $13.3830, with a volume of 487 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, DZ Bank upgraded shares of Zalando from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two research 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, the company presently has an average rating of “Buy”.

Zalando Stock Up 3.5%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.63 and a current ratio of 1.06. The firm’s fifty day simple moving average is $13.33 and its 200 day simple moving average is $13.50. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 60.43 and a beta of 1.46.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). Zalando had a return on equity of 3.46% and a net margin of 0.70%.The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.97 billion. On average, sell-side analysts forecast that Zalando will post 0.31 earnings per share for the current year.

Zalando Company Profile

Zalando SE is a Germany-based online fashion and lifestyle platform headquartered in Berlin. Founded in 2008 by Robert Gentz and David Schneider, the company began as an online footwear retailer and expanded into a broad European marketplace for fashion, beauty and lifestyle products.

The company offers clothing, shoes, accessories, sportswear, beauty products and related merchandise from numerous brands and private-label offerings. In addition to selling products directly, Zalando operates a platform that enables third-party brands and retailers to reach customers through its marketplace.