Zalando (OTCMKTS:ZLNDY) Sets New 1-Year High – Here’s Why

Zalando SE (OTCMKTS:ZLNDY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $19.48 and last traded at $19.48, with a volume of 6978 shares changing hands. The stock had previously closed at $19.29.

Analyst Upgrades and Downgrades

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

Zalando Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.33. The business has a 50 day simple moving average of $17.30 and a 200-day simple moving average of $15.40. The stock has a market capitalization of $10.28 billion, a P/E ratio of 46.38 and a beta of 1.71.

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.