Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Still a Buy?

Zalando (OTCMKTS:ZLNDY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $13.99, but opened at $14.41. Zalando shares last traded at $14.45, with a volume of 1,738 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Sanford C. Bernstein raised shares of Zalando from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Barclays upgraded Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zalando presently has a consensus rating of “Moderate Buy”.

Zalando Stock Down 0.1%

The business has a fifty day moving average of $12.92 and a 200 day moving average of $13.17. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 55.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.58.

Zalando (OTCMKTS:ZLNDY) last posted its 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). The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. Zalando had a net margin of 0.89% and a return on equity of 4.15%. On average, equities analysts predict 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.