Zalando (OTCMKTS:ZLNDY) Reaches New 12-Month Low – What’s Next?

Shares of Zalando (OTCMKTS:ZLNDY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $11.49 and last traded at $11.49, with a volume of 222 shares. The stock had previously closed at $12.17.

Wall Street Analysts Forecast Growth

ZLNDY has been the subject of a number of research reports. Barclays upgraded Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Citigroup reaffirmed a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Zalando Trading Down 4.5%

The company’s 50 day simple moving average is $13.76 and its two-hundred day simple moving average is $14.16. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 22.27 and a beta of 1.61. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

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.