Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Time to Buy?

Zalando (OTCMKTS:ZLNDY) gapped up before the market opened on Wednesday. The stock had previously closed at $12.3520, but opened at $12.85. Zalando shares last traded at $12.78, with a volume of 8,543 shares.

Analyst Upgrades and Downgrades

Separately, DZ Bank upgraded shares of Zalando from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Zalando has an average rating of “Buy”.

Zalando Stock Up 3.5%

The company has a market capitalization of $6.24 billion, a P/E ratio of 58.09 and a beta of 1.49. The company has a current ratio of 1.06, a quick ratio of 0.63 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $13.85 and a 200 day moving average price of $13.53.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data 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). Zalando had a return on equity of 3.46% and a net margin of 0.70%.The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.97 billion. On average, research analysts anticipate that Zalando will post 0.32 earnings per share for the current fiscal 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.