Shares of Zalando (OTCMKTS:ZLNDY - Get Free Report) dropped 0.9% during trading on Wednesday . The company traded as low as $15.79 and last traded at $15.79. Approximately 19,101 shares changed hands during trading, an increase of 64% from the average daily volume of 11,661 shares. The stock had previously closed at $15.94.
Wall Street Analysts Forecast Growth
Separately, Citigroup restated a "buy" rating on shares of Zalando in a research note on Tuesday, May 13th.
View Our Latest Stock Report on ZLNDY
Zalando Stock Down 0.9%
The company has a market cap of $8.34 billion, a PE ratio of 28.20 and a beta of 1.57. The stock's 50 day moving average price is $17.92 and its 200-day moving average price is $17.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.36.
Zalando (OTCMKTS:ZLNDY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.63 billion. Zalando had a net margin of 2.51% and a return on equity of 10.45%. On average, analysts predict that Zalando will post 0.5 earnings per share for the current year.
About Zalando
(
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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.
Further Reading
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