Zalando (OTCMKTS:ZLNDY) Shares Gap Down - Here's What Happened

Zalando (OTCMKTS:ZLNDY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $16.69, but opened at $15.88. Zalando shares last traded at $15.80, with a volume of 546 shares changing hands.

Analysts Set New Price Targets

ZLNDY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Zalando in a report on Tuesday, May 13th. Morgan Stanley restated an "underweight" rating on shares of Zalando in a research report on Monday.

Zalando Stock Performance

The stock's 50 day moving average price is $16.83 and its 200 day moving average price is $17.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.36. The company has a market capitalization of $8.44 billion, a P/E ratio of 28.55 and a beta of 1.53.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.02 EPS for the quarter. Zalando had a net margin of 2.51% and a return on equity of 10.45%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, equities analysts expect that Zalando will post 0.5 EPS for the current 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.