Zalando (OTCMKTS:ZLNDY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Zalando (OTCMKTS:ZLNDY)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.84 and traded as low as $13.89. Zalando shares last traded at $13.90, with a volume of 34,808 shares trading hands.

Wall Street Analyst Weigh In

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

Zalando Trading Up 0.2%

The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 63.18 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The company has a 50-day moving average price of $14.84 and a 200-day moving average price of $13.38.

Zalando (OTCMKTS:ZLNDY) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.97 billion. Zalando had a return on equity of 3.39% and a net margin of 0.70%. As a group, research analysts forecast that Zalando will post 0.32 EPS for the current fiscal 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.