Zalando (OTCMKTS:ZLNDY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Zalando experienced a significant drop in trading volume, with 10,016 shares traded, a decrease of 27% from the previous session.
• Analyst ratings for Zalando are mixed, with one Strong Buy, two Buy, one Hold, and one Sell rating, resulting in an average rating of "Moderate Buy."
• The company reported quarterly earnings of $0.21 per share, meeting analysts' expectations, alongside revenue of $3.28 billion, exceeding the consensus estimate of $2.52 billion.

Zalando (OTCMKTS:ZLNDY - Get Free Report) saw strong trading volume on Wednesday . 10,016 shares changed hands during mid-day trading, a decline of 27% from the previous session's volume of 13,736 shares.The stock last traded at $13.78 and had previously closed at $13.44.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup reiterated a "buy" rating on shares of Zalando in a research report on Thursday, August 21st. Baader Bank upgraded Zalando to a "buy" rating in a research report on Monday, August 18th. Morgan Stanley reiterated an "underweight" rating on shares of Zalando in a research report on Monday, July 14th. Finally, Cfra Research downgraded Zalando from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Zalando currently has an average rating of "Moderate Buy".

Zalando Stock Up 1.4%

The firm's 50-day moving average price is $15.03 and its 200-day moving average price is $16.71. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 25.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.98.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Zalando had a return on equity of 10.19% and a net margin of 2.49%.The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $2.52 billion. Sell-side analysts forecast that Zalando will post 0.5 earnings per share for the current fiscal year.

About Zalando

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.