Zalando (OTCMKTS:ZLNDY) Upgraded at Citigroup

Citigroup upgraded shares of Zalando (OTCMKTS:ZLNDY) to a strong-buy rating in a report issued on Thursday morning, Zacks.com reports.

Zalando Price Performance

ZLNDY stock opened at $16.04 on Thursday. The stock’s 50 day moving average price is $13.53 and its 200 day moving average price is $13.24. The firm has a market cap of $8.46 billion, a P/E ratio of 69.74 and a beta of 1.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.48. Zalando has a 1 year low of $8.68 and a 1 year high of $16.62.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.20 EPS for the quarter. The firm had revenue of $2.85 billion during the quarter. Zalando had a return on equity of 6.32% and a net margin of 1.48%. On average, sell-side analysts expect that Zalando will post 0.47 earnings per share for the current fiscal 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.