Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Should You Buy?

Zalando (OTCMKTS:ZLNDY) gapped up before the market opened on Wednesday . The stock had previously closed at $12.00, but opened at $13.03. Zalando shares last traded at $13.00, with a volume of 281 shares.

Analyst Upgrades and Downgrades

ZLNDY has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Barclays upgraded Zalando to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein upgraded Zalando from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zalando presently has a consensus rating of “Moderate Buy”.

Zalando Price Performance

The company has a 50 day moving average of $12.38 and a 200-day moving average of $13.09. The firm has a market capitalization of $6.79 billion, a P/E ratio of 50.60 and a beta of 1.52. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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 the consensus estimate 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 4.12%. On average, sell-side analysts predict that Zalando will post 0.47 EPS 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.