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

Zalando (OTCMKTS:ZLNDY) shares gapped up prior to trading on Thursday. The stock had previously closed at $14.11, but opened at $16.06. Zalando shares last traded at $15.95, with a volume of 6,793 shares trading hands.

Wall Street Analyst Weigh In

Separately, DZ Bank upgraded Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Two investment 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. Based on data from MarketBeat, Zalando has an average rating of “Buy”.

Zalando Price Performance

The company’s 50-day moving average price is $13.54 and its 200-day moving average price is $13.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 0.63. The company has a market cap of $7.49 billion, a P/E ratio of 109.51 and a beta of 1.45.

Zalando (OTCMKTS:ZLNDY) last released its earnings results on Tuesday, November 3rd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.57 billion. Zalando had a net margin of 0.70% and a return on equity of 3.46%. As a group, sell-side analysts predict that Zalando will post 0.31 earnings per share for the current fiscal year.

About Zalando

Zalando SE is a Germany-based online fashion and lifestyle retailer headquartered in Berlin. The company operates a digital platform that offers clothing, footwear, accessories, beauty products and related lifestyle merchandise from international brands, as well as its own private-label offerings.

Founded in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online footwear before expanding into a broader fashion marketplace. Its platform connects customers with brands and retail partners, while the company also provides services such as fulfillment, logistics, marketing and technology solutions through its partner ecosystem.

Zalando serves customers across multiple European markets through localized websites and mobile applications.