Zalando (OTCMKTS:ZLNDY) Hits New 52-Week High – Here’s What Happened

Zalando SE (OTCMKTS:ZLNDY) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.67 and last traded at $18.33, with a volume of 31990 shares trading hands. The stock had previously closed at $18.07.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Zalando to a “strong-buy” rating in a research report on Thursday, October 3rd.

Zalando Trading Down 0.8 %

The stock has a market cap of $9.55 billion, a P/E ratio of 43.64 and a beta of 1.75. The firm’s 50 day simple moving average is $15.75 and its two-hundred day simple moving average is $13.98. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.19.

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.