Zalando (OTCMKTS:ZLNDY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Zalando (OTCMKTS:ZLNDY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-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 trading hands.

Wall Street Analysts Forecast Growth

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

Zalando Stock Performance

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

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 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 analysts’ expectations of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.39%. As a group, equities analysts forecast that Zalando will post 0.32 earnings per share for the current fiscal 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.