Zalando (OTCMKTS:ZLNDY) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Zalando SE (OTCMKTS:ZLNDY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.16 and traded as low as $17.41. Zalando shares last traded at $17.43, with a volume of 5,377 shares traded.

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 Price Performance

The stock has a 50 day moving average of $18.16 and a 200-day moving average of $16.60. 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 company has a market cap of $9.20 billion, a PE ratio of 41.49 and a beta of 1.75.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.40 billion. Zalando had a net margin of 1.97% and a return on equity of 8.34%. Equities analysts predict 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.