Zalando (OTCMKTS:ZLNDY) Shares Up 6.2% After Analyst Upgrade

Zalando (OTCMKTS:ZLNDY)’s stock price shot up 6.2% during trading on Friday after Sanford C. Bernstein upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $13.52 and last traded at $13.38. 3,744 shares changed hands during trading, a decline of 93% from the average session volume of 56,756 shares. The stock had previously closed at $12.60.

Other analysts have also issued research reports about the company. Citigroup reissued a “buy” rating on shares of Zalando in a report on Thursday, December 11th. Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Zalando Stock Performance

The company has a market cap of $7.14 billion, a PE ratio of 28.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.59. The business has a 50-day moving average of $13.19 and a 200 day moving average of $14.01.

Zalando (OTCMKTS:ZLNDY) last posted its earnings results on Thursday, March 12th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.77 billion. Zalando had a net margin of 1.76% and a return on equity of 7.90%. Equities research analysts anticipate that Zalando will post 0.5 EPS for the current fiscal 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.