Zalando (OTCMKTS:ZLNDY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Zalando's shares experienced a significant 2,578% increase in trading volume, with approximately 437,403 shares traded on Wednesday, maintaining a price of $14.86.
• Several analysts have varying ratings on Zalando, with one issuing a Strong Buy, while the average rating is a Moderate Buy.
• The company reported earnings of $3.28 billion for the last quarter, surpassing analysts' expectations of $2.52 billion, with an EPS of $0.21.

Zalando (OTCMKTS:ZLNDY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 437,403 shares traded hands during trading, an increase of 2,578% from the previous session's volume of 16,333 shares.The stock last traded at $14.86 and had previously closed at $14.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZLNDY. Morgan Stanley restated an "underweight" rating on shares of Zalando in a research note on Monday, July 14th. Baader Bank raised Zalando to a "buy" rating in a research note on Monday, August 18th. Citigroup reissued a "buy" rating on shares of Zalando in a research note on Thursday, August 21st. Finally, Cfra Research lowered Zalando from a "moderate buy" rating to a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Zalando Stock Performance

The company has a fifty day moving average of $14.96 and a two-hundred day moving average of $16.66. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 26.01 and a beta of 1.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.38.

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

Zalando Company Profile

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.

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