Zalando (OTCMKTS:ZLNDY) Sees Strong Trading Volume – Should You Buy?

Zalando (OTCMKTS:ZLNDY) shares saw unusually-strong trading volume on Tuesday . Approximately 239,631 shares traded hands during trading, an increase of 282% from the previous session’s volume of 62,659 shares.The stock last traded at $15.75 and had previously closed at $15.35.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZLNDY. Citigroup restated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. DZ Bank lowered Zalando from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Barclays upgraded Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Zalando Stock Up 3.0%

The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $13.51 and its 200 day moving average price is $13.27. The company has a market capitalization of $8.16 billion, a P/E ratio of 60.81 and a beta of 1.51.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The company had revenue of $3.52 billion for 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%. As a group, equities research analysts predict that Zalando will post 0.45 earnings per share for the current fiscal 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.