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

Zalando (OTCMKTS:ZLNDY) gapped up prior to trading on Friday . The stock had previously closed at $13.45, but opened at $14.24. Zalando shares last traded at $14.25, with a volume of 4,639 shares trading hands.

Analyst Upgrades and Downgrades

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

Zalando Trading Up 3.2%

The company has a market cap of $7.33 billion, a price-to-earnings ratio of 54.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The firm has a fifty day moving average price of $12.44 and a 200 day moving average price of $13.09.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $3.52 billion during 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 analysts predict that Zalando will post 0.47 EPS for the current fiscal 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.