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

Zalando (OTCMKTS:ZLNDY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.31, but opened at $11.83. Zalando shares last traded at $11.78, with a volume of 1,970 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Barclays upgraded Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein upgraded Zalando from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Zalando Price Performance

The stock has a market capitalization of $6.20 billion, a PE ratio of 46.16 and a beta of 1.52. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $12.40 and its 200 day simple moving average is $13.10.

Zalando (OTCMKTS:ZLNDY) last released its earnings results on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Zalando had a return on equity of 4.12% and a net margin of 0.89%. On average, equities analysts anticipate that Zalando will post 0.47 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.