Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Time to Sell?

Zalando (OTCMKTS:ZLNDY) gapped down prior to trading on Friday . The stock had previously closed at $15.09, but opened at $14.08. Zalando shares last traded at $14.03, with a volume of 205 shares changing hands.

Wall Street Analyst Weigh In

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

Zalando Stock Down 7.0%

The firm has a 50 day moving average of $13.03 and a two-hundred day moving average of $13.20. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 53.96 and a beta of 1.54. The company has a quick ratio of 0.58, a current ratio of 1.09 and a debt-to-equity ratio of 0.18.

Zalando (OTCMKTS:ZLNDY) last issued 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 business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. As a group, sell-side analysts anticipate that Zalando will post 0.47 EPS for the current fiscal 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.