Zalando SE (OTCMKTS:ZLNDY – Get Rating)’s stock price reached a new 52-week low on Thursday . The company traded as low as $12.05 and last traded at $12.33, with a volume of 172825 shares trading hands. The stock had previously closed at $13.46.
A number of analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Zalando from €88.00 ($92.63) to €48.00 ($50.53) and set a “neutral” rating for the company in a research note on Monday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Zalando from €90.00 ($94.74) to €55.00 ($57.89) in a research note on Friday, May 6th. Bryan, Garnier & Co downgraded shares of Zalando from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from €87.00 ($91.58) to €38.00 ($40.00) in a report on Wednesday, June 1st. Morgan Stanley dropped their price objective on shares of Zalando from €56.00 ($58.95) to €38.00 ($40.00) in a report on Monday. Finally, Barclays downgraded shares of Zalando from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.58.
The firm’s 50-day moving average is $18.54 and its two-hundred day moving average is $28.59. The company has a market cap of $6.46 billion, a P/E ratio of 43.42 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.89.
Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.
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