Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Time to Sell?

Zalando (OTCMKTS:ZLNDY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.28, but opened at $12.78. Zalando shares last traded at $12.80, with a volume of 305 shares.

Wall Street Analyst Weigh In

ZLNDY has been the topic of several research reports. DZ Bank raised Zalando from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Zalando Price Performance

The firm has a 50-day simple moving average of $14.64 and a two-hundred day simple moving average of $13.45. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 58.46 and a beta of 1.49. The company has a current ratio of 1.06, a quick ratio of 0.63 and a debt-to-equity ratio of 0.19.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.46%. As a group, analysts predict that Zalando will post 0.32 earnings per share for the current fiscal year.

About Zalando

Zalando SE is a Germany-based online fashion and lifestyle platform serving consumers and brands across Europe. The company operates digital marketplaces that offer clothing, footwear, accessories, beauty products and related lifestyle goods from international brands, local labels and its own assortment.

Founded in Berlin in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online shoe retail before expanding into a broader fashion and lifestyle marketplace. In addition to selling products directly to consumers, the company provides brands and retail partners with marketplace access, advertising solutions, fulfillment, logistics and other technology-enabled services.

Zalando serves customers in numerous European markets through localized websites and mobile applications.