Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Time to Buy?

Zalando (OTCMKTS:ZLNDY) gapped up before the market opened on Wednesday . The stock had previously closed at $14.26, but opened at $14.88. Zalando shares last traded at $14.8350, with a volume of 3,433 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “buy” rating on shares of Zalando in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Zalando Trading Down 2.0%

The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 27.96 and a beta of 1.60. The business’s fifty day moving average is $13.83 and its 200 day moving average is $14.72. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

Zalando (OTCMKTS:ZLNDY) last announced its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). Zalando had a return on equity of 8.67% and a net margin of 2.07%.The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.45 billion. Equities analysts predict that Zalando will post 0.5 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.