Zalando Se (NASDAQ:ZLNDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Zalando SE is an online fashion retailer. The Company offers clothing, sports products, shoes, bags and other accessories for men, women and children. Zalando SE is headquartered in Berlin, Germany. “

Zalando Se (NASDAQ ZLNDY) opened at 23.79 on Wednesday. Zalando Se has a 12-month low of $18.03 and a 12-month high of $25.38. The stock has a market capitalization of $12.13 billion and a P/E ratio of 87.46.

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