Zalando (OTCMKTS:ZLNDY) Shares Up 7.2% - Should You Buy?

Zalando SE (OTCMKTS:ZLNDY - Get Free Report) shot up 7.2% during mid-day trading on Tuesday . The stock traded as high as $18.45 and last traded at $18.45. 11,966 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 12,970 shares. The stock had previously closed at $17.21.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a "buy" rating on shares of Zalando in a report on Tuesday, May 13th.

Zalando Stock Up 2.1%

The business's 50 day moving average price is $17.97 and its 200-day moving average price is $17.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88. The company has a market cap of $9.41 billion, a P/E ratio of 42.42 and a beta of 1.71.

Zalando (OTCMKTS:ZLNDY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.63 billion. Zalando had a net margin of 1.97% and a return on equity of 8.34%. On average, analysts anticipate that Zalando SE will post 0.5 earnings per share for the current fiscal 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.