Zalando (OTCMKTS:ZLNDY) Shares Gap Down – Here’s What Happened

Zalando (OTCMKTS:ZLNDY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $12.3450, but opened at $11.6750. Zalando shares last traded at $11.7150, with a volume of 1,913 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZLNDY. Citigroup reiterated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Sanford C. Bernstein upgraded Zalando from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Three equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Zalando Trading Down 2.3%

The stock has a market capitalization of $6.07 billion, a P/E ratio of 23.93 and a beta of 1.65. The stock’s fifty day moving average price is $12.79 and its two-hundred day moving average price is $13.90. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

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