Zalando (OTCMKTS:ZLNDY) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Zalando (OTCMKTS:ZLNDY) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.84 and traded as low as $13.89. Zalando shares last traded at $13.90, with a volume of 34,808 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZLNDY. Citigroup reiterated a “buy” rating on shares of Zalando in a report on Thursday, May 14th. Barclays upgraded Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, DZ Bank raised Zalando from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Zalando Trading Up 0.2%

The company’s 50 day simple moving average is $14.84 and its 200 day simple moving average is $13.38. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 63.18 and a beta of 1.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.58.

Zalando (OTCMKTS:ZLNDY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.39%. As a group, research analysts expect that Zalando will post 0.32 earnings per share for the current fiscal 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.