Zalando (OTCMKTS:ZLNDY) Stock Price Down 5.3% – Here’s What Happened

Zalando (OTCMKTS:ZLNDY) shares dropped 5.3% on Wednesday . The stock traded as low as $12.38 and last traded at $12.38. 971 shares were traded during trading, a decline of 98% from the average session volume of 55,067 shares. The stock had previously closed at $13.07.

Analysts Set New Price Targets

Separately, DZ Bank upgraded Zalando from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Zalando Stock Performance

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 company’s 50-day moving average is $14.48 and its two-hundred day moving average is $13.47. The stock has a market capitalization of $6.04 billion, a P/E ratio of 56.19 and a beta of 1.49.

Zalando (OTCMKTS:ZLNDY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.46%. As a group, sell-side analysts anticipate that Zalando will post 0.32 EPS for the current fiscal year.

About Zalando

Zalando SE is a Germany-based online fashion and lifestyle platform serving consumers and brands across Europe. The company operates digital marketplaces that offer clothing, footwear, accessories, beauty products and related lifestyle goods from international brands, local labels and its own assortment.

Founded in Berlin in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online shoe retail before expanding into a broader fashion and lifestyle marketplace. In addition to selling products directly to consumers, the company provides brands and retail partners with marketplace access, advertising solutions, fulfillment, logistics and other technology-enabled services.

Zalando serves customers in numerous European markets through localized websites and mobile applications.