Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Here’s Why

Zalando (OTCMKTS:ZLNDY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $11.8050, but opened at $10.94. Zalando shares last traded at $11.00, with a volume of 2,865 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein upgraded Zalando from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Barclays raised shares of 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 issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Zalando Stock Performance

The stock has a market capitalization of $5.75 billion, a PE ratio of 42.81 and a beta of 1.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 1.11. The firm’s 50 day moving average is $12.44 and its two-hundred day moving average is $13.30.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). Zalando had a return on equity of 4.12% and a net margin of 0.89%.The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. As a group, research analysts predict that Zalando will post 0.52 earnings per share 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.