Zalando (OTCMKTS:ZLNDY) Shares Gap Up – Still a Buy?

Zalando (OTCMKTS:ZLNDY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.14, but opened at $12.75. Zalando shares last traded at $12.6250, with a volume of 8,554 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ZLNDY shares. Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Zalando in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Zalando Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.59. The business’s 50-day moving average price is $14.04 and its two-hundred day moving average price is $14.24. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 23.81 and a beta of 1.61.

About Zalando

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.