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

Key Points

• Zalando shares opened lower at $15.49, falling from a previous close of $15.96, with the current trading volume at 153 shares.
• Analyst ratings for Zalando are mixed: Morgan Stanley maintains an "underweight" rating while Baader Bank upgraded to "buy", leaving the consensus as a "Moderate Buy".
• The company's recent earnings report showed a $3.28 billion revenue, exceeding expectations, and an earnings per share (EPS) of $0.21, meeting analyst forecasts.

Zalando (OTCMKTS:ZLNDY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $15.96, but opened at $15.49. Zalando shares last traded at $15.49, with a volume of 153 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZLNDY shares. Morgan Stanley restated an "underweight" rating on shares of Zalando in a research report on Monday, July 14th. Baader Bank upgraded shares of Zalando to a "buy" rating in a research report on Monday, August 18th. Cfra Research cut shares of Zalando from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Citigroup restated a "buy" rating on shares of Zalando in a research report on Thursday, August 21st. One equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Zalando Trading Down 3.9%

The business's fifty day simple moving average is $14.75 and its two-hundred day simple moving average is $16.50. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 26.91 and a beta of 1.48. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 0.17.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.21 EPS for the quarter, meeting 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 analysts' expectations of $2.52 billion. On average, equities analysts predict that Zalando will post 0.5 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.