Zalando (OTCMKTS:ZLNDY – Get Free Report)’s share price dropped 5.3% during trading on Wednesday . The stock traded as low as $12.38 and last traded at $12.38. 971 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 55,067 shares. The stock had previously closed at $13.07.
Analyst Ratings Changes
Separately, DZ Bank raised Zalando from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Check Out Our Latest Analysis on ZLNDY
Zalando Price Performance
Zalando (OTCMKTS:ZLNDY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.97 billion. Zalando had a return on equity of 3.46% and a net margin of 0.70%. As a group, sell-side analysts expect that Zalando will post 0.32 earnings per share for the current year.
Zalando Company Profile
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.
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