Zalando (OTCMKTS:ZLNDY) Stock Price Down 0.5% - Here's Why

Key Points

• Zalando's stock decreased by 0.5% during trading, closing at $15.31 after hitting a low of $15.12.
• Despite the recent decline, the stock has an average rating of "Moderate Buy" from analysts, with mixed ratings ranging from Strong Buy to Sell.
• Zalando reported $3.28 billion in revenue for the last quarter, exceeding analysts' expectations of $2.52 billion, while also achieving an EPS of $0.21.

Zalando (OTCMKTS:ZLNDY - Get Free Report) shares fell 0.5% during mid-day trading on Monday . The company traded as low as $15.12 and last traded at $15.31. 21,174 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 38,386 shares. The stock had previously closed at $15.38.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZLNDY shares. Baader Bank upgraded Zalando to a "buy" rating in a research note 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. Morgan Stanley reaffirmed an "underweight" rating on shares of Zalando in a report on Monday, July 14th. Finally, Citigroup reaffirmed a "buy" rating on shares of Zalando in a report on Friday. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Zalando Stock Performance

The stock has a 50-day moving average of $14.69 and a 200 day moving average of $16.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.98. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 26.86 and a beta of 1.48.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Zalando had a return on equity of 10.19% and a net margin of 2.49%.The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $2.52 billion. On average, 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.

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