Zacks Investment Research Downgrades Zalando (ZLNDY) to Sell

Zalando (OTCMKTS:ZLNDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, March 8th.

According to Zacks, “Zalando SE is an online fashion retailer. The Company offers clothing, sports products, shoes, bags and other accessories for men, women and children. Zalando SE is headquartered in Berlin, Germany. “

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OTCMKTS:ZLNDY traded down $0.77 during trading hours on Thursday, hitting $26.85. 3,775 shares of the stock traded hands, compared to its average volume of 4,424. The company has a market capitalization of $13,650.38, a P/E ratio of 104.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.66 and a quick ratio of 1.07. Zalando has a 1 year low of $20.30 and a 1 year high of $30.41.

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About Zalando

Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.

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