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

Zalando (OTCMKTS:ZLNDY) gapped up before the market opened on Wednesday . The stock had previously closed at $14.26, but opened at $14.88. Zalando shares last traded at $14.8350, with a volume of 3,433 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating on shares of Zalando in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zalando currently has a consensus rating of “Moderate Buy”.

Zalando Price Performance

The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7.86 billion, a PE ratio of 28.64 and a beta of 1.60. The company’s 50 day moving average is $13.81 and its 200-day moving average is $14.72.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09). The business had revenue of $3.47 billion during 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, sell-side analysts predict that Zalando will post 0.5 earnings per share for the current year.

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.