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

Shares of Zalando (OTCMKTS:ZLNDY) gapped up before the market opened 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.

Analyst Upgrades and Downgrades

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

Zalando Price Performance

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 business has a fifty day moving average of $12.44 and a two-hundred day moving average of $13.09. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 54.62 and a beta of 1.54.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. As a group, research 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.