Zalando (OTCMKTS:ZLNDY) Sees Large Volume Increase – Should You Buy?

Shares of Zalando (OTCMKTS:ZLNDY) saw unusually-strong trading volume on Tuesday . 239,631 shares traded 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 Analyst Weigh In

A number of research firms have commented on ZLNDY. DZ Bank cut shares of Zalando from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Barclays upgraded shares of Zalando to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Zalando Stock Performance

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 stock’s 50-day moving average price is $13.66 and its 200-day moving average price is $13.28. The company has a market cap of $8.18 billion, a P/E ratio of 60.96 and a beta of 1.51.

Zalando (OTCMKTS:ZLNDY) last issued 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). Zalando had a return on equity of 4.15% and a net margin of 0.89%.The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. Equities analysts anticipate that Zalando will post 0.45 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.