Zalando (OTCMKTS:ZLNDY) Shares Up 4.6% – Here’s What Happened

Zalando (OTCMKTS:ZLNDY)’s share price rose 4.6% during mid-day trading on Monday. The stock traded as high as $13.5050 and last traded at $13.44. Approximately 2,003 shares traded hands during trading, a decline of 96% from the average daily volume of 53,490 shares. The stock had previously closed at $12.85.

Analysts Set New Price Targets

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

Zalando Trading Up 1.9%

The firm has a 50-day simple moving average of $13.18 and a 200-day simple moving average of $13.52. The stock has a market cap of $6.67 billion, a PE ratio of 60.91 and a beta of 1.46. The company has a quick ratio of 0.63, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.46%. Equities analysts forecast that Zalando will post 0.31 earnings per share for the current year.

About Zalando

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.