Zalando (OTCMKTS:ZLNDY) Hits New 52-Week High – Here’s Why

Zalando SE (OTCMKTS:ZLNDY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.92 and last traded at $18.91, with a volume of 13534 shares changing hands. The stock had previously closed at $18.40.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Zalando from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

Zalando Stock Down 0.7 %

The firm’s 50 day simple moving average is $17.09 and its 200-day simple moving average is $15.22. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 45.74 and a beta of 1.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter. Zalando had a return on equity of 8.34% and a net margin of 1.97%. The firm had revenue of $2.63 billion for the quarter. As a group, sell-side analysts anticipate that Zalando SE will post 0.5 earnings per share 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.