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

Zalando (OTCMKTS:ZLNDY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $13.40. Zalando shares last traded at $13.44, with a volume of 575 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays raised Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. DZ Bank raised shares of Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Zalando Stock Down 4.2%

The stock has a fifty day moving average of $14.83 and a 200-day moving average of $13.40. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 60.50 and a beta of 1.49. 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 announced its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). Zalando had a net margin of 0.70% and a return on equity of 3.39%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.97 billion. As a group, sell-side analysts expect that Zalando will post 0.32 EPS for the current 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.