Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Time to Sell?

Zalando (OTCMKTS:ZLNDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $13.24, but opened at $12.63. Zalando shares last traded at $12.66, with a volume of 2,797 shares.

Analyst Ratings Changes

Several research firms have weighed in on ZLNDY. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Citigroup reiterated a “buy” rating on shares of Zalando in a report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Zalando Trading Down 5.8%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.59. The firm’s 50 day moving average price is $14.22 and its 200 day moving average price is $14.36. The stock has a market capitalization of $6.59 billion, a P/E ratio of 23.99 and a beta of 1.61.

About Zalando

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.