Zalando (OTCMKTS:ZLNDY) Sees Strong Trading Volume – Should You Buy?

Zalando (OTCMKTS:ZLNDY) shares saw unusually-high trading volume on Tuesday . 239,631 shares changed hands during trading, an increase of 282% from the previous session’s volume of 62,659 shares.The stock last traded at $15.75 and had previously closed at $15.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DZ Bank cut Zalando from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Citigroup reissued a “buy” rating on shares of Zalando in a report on Thursday, May 14th. Finally, Barclays upgraded Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Zalando presently has a consensus rating of “Moderate Buy”.

Zalando Trading Up 3.0%

The company has a market capitalization of $8.16 billion, a P/E ratio of 60.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.58. The business’s 50-day moving average price is $13.51 and its two-hundred day moving average price is $13.27.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm 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, analysts forecast that Zalando will post 0.45 EPS 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.