Zalando (OTCMKTS:ZLNDY) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Zalando SE (OTCMKTS:ZLNDY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.91 and traded as low as $17.15. Zalando shares last traded at $17.56, with a volume of 11,115 shares.

Analysts Set New Price Targets

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

Zalando Stock Performance

The stock has a market capitalization of $8.84 billion, a PE ratio of 39.88 and a beta of 1.75. The business has a 50 day moving average price of $17.98 and a 200 day moving average price of $16.43. 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 earnings results on Thursday, March 6th. The company reported $0.25 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 $3.52 billion for the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities research analysts expect 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.