Zalando (OTCMKTS:ZLNDY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Zalando SE (OTCMKTS:ZLNDY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

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 Price Performance

The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 41.49 and a beta of 1.75. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $18.16 and a 200 day simple moving average of $16.64.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.25 EPS for the quarter. Zalando had a net margin of 1.97% and a return on equity of 8.34%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, research analysts predict that Zalando SE will post 0.5 EPS 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.