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

Zalando (OTCMKTS:ZLNDY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $14.66, but opened at $15.46. Zalando shares last traded at $15.38, with a volume of 3,992 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZLNDY shares. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Zalando Stock Down 1.5%

The stock’s fifty day simple moving average is $13.95 and its two-hundred day simple moving average is $14.69. The stock has a market capitalization of $7.70 billion, a P/E ratio of 28.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.12.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. Zalando had a return on equity of 8.67% and a net margin of 2.07%. As a group, research analysts expect that Zalando will post 0.5 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.