Zalando (OTCMKTS:ZLNDY) Shares Gap Down – What’s Next?

Zalando (OTCMKTS:ZLNDY) gapped down prior to trading on Friday . The stock had previously closed at $16.06, but opened at $15.41. Zalando shares last traded at $15.45, with a volume of 923 shares trading hands.

Wall Street Analysts Forecast Growth

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

Zalando Stock Up 1.0%

The firm’s fifty day simple moving average is $14.27 and its 200 day simple moving average is $13.35. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 59.73 and a beta of 1.51.

Zalando (OTCMKTS:ZLNDY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share 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 analyst estimates of $3.48 billion. Zalando had a net margin of 0.89% and a return on equity of 4.15%. Sell-side analysts predict that Zalando will post 0.45 earnings per share for the current 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.