Zalando (OTCMKTS:ZLNDY) Stock Price Down 5.3% – Time to Sell?

Zalando (OTCMKTS:ZLNDY) dropped 5.3% on Wednesday . The company traded as low as $12.38 and last traded at $12.38. 971 shares traded hands during trading, a decline of 98% from the average session volume of 55,067 shares. The stock had previously closed at $13.07.

Analyst Upgrades and Downgrades

Separately, DZ Bank raised shares of Zalando from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Zalando Stock Performance

The company has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $13.47. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 56.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 0.63.

Zalando (OTCMKTS:ZLNDY) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). Zalando had a return on equity of 3.46% and a net margin of 0.70%.The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.97 billion. As a group, equities research analysts expect that Zalando will post 0.32 EPS for the current year.

About Zalando

Zalando SE is a Germany-based online fashion and lifestyle platform serving consumers and brands across Europe. The company operates digital marketplaces that offer clothing, footwear, accessories, beauty products and related lifestyle goods from international brands, local labels and its own assortment.

Founded in Berlin in 2008 by Robert Gentz and David Schneider, Zalando initially focused on online shoe retail before expanding into a broader fashion and lifestyle marketplace. In addition to selling products directly to consumers, the company provides brands and retail partners with marketplace access, advertising solutions, fulfillment, logistics and other technology-enabled services.

Zalando serves customers in numerous European markets through localized websites and mobile applications.