Zalando (OTCMKTS:ZLNDY) Shares Gap Up – What’s Next?

Zalando (OTCMKTS:ZLNDY) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.65, but opened at $13.01. Zalando shares last traded at $12.93, with a volume of 35,842 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Zalando in a report on Thursday, December 11th. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zalando currently has a consensus rating of “Hold”.

Zalando Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average is $13.19 and its 200 day moving average is $14.01. The firm has a market capitalization of $7.14 billion, a P/E ratio of 28.15 and a beta of 1.65.

Zalando (OTCMKTS:ZLNDY) last issued its earnings results on Thursday, March 12th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). Zalando had a return on equity of 7.90% and a net margin of 1.76%.The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.77 billion. As a group, analysts forecast that Zalando will post 0.5 EPS for the current 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.