Zalando (OTCMKTS:ZLNDY) Trading Up 6.2% – Here’s Why

Shares of Zalando (OTCMKTS:ZLNDY) shot up 6.2% on Friday . The company traded as high as $13.52 and last traded at $13.38. 3,744 shares were traded during mid-day trading, a decline of 93% from the average session volume of 56,756 shares. The stock had previously closed at $12.60.

Analysts Set New Price Targets

ZLNDY has been the subject of a number of recent research reports. Barclays upgraded shares of Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Zalando Stock Up 6.3%

The firm has a 50-day moving average of $13.21 and a two-hundred day moving average of $14.02. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.08 billion, a PE ratio of 25.77 and a beta of 1.65.

Zalando (OTCMKTS:ZLNDY) last posted its earnings results on Thursday, March 12th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Zalando had a net margin of 2.07% and a return on equity of 8.67%. Equities research analysts predict that Zalando will post 0.5 earnings per share 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.