Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Time to Buy?

Zalando (OTCMKTS:ZLNDY) gapped up before the market opened on Tuesday . The stock had previously closed at $13.99, but opened at $14.41. Zalando shares last traded at $14.45, with a volume of 1,738 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ZLNDY shares. Barclays upgraded Zalando to a “strong-buy” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein raised Zalando from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Zalando Stock Down 0.1%

The stock has a market cap of $7.41 billion, a P/E ratio of 55.19 and a beta of 1.54. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $12.92 and its 200 day moving average is $13.17.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. Zalando had a net margin of 0.89% and a return on equity of 4.15%. As a group, equities research analysts forecast that Zalando will post 0.47 EPS for the current 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.