Zalando SE (OTCMKTS:ZLNDY – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.05 and last traded at $12.33, with a volume of 172825 shares changing hands. The stock had previously closed at $13.46.
Several equities analysts have recently issued reports on ZLNDY shares. Citigroup decreased their price objective on Zalando from €88.00 ($92.63) to €48.00 ($50.53) and set a “neutral” rating for the company in a research note on Monday, April 25th. Barclays cut Zalando from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 1st. JPMorgan Chase & Co. decreased their price objective on Zalando from €90.00 ($94.74) to €55.00 ($57.89) in a research note on Friday, May 6th. Morgan Stanley decreased their target price on Zalando from €56.00 ($58.95) to €38.00 ($40.00) in a research note on Monday. Finally, Bryan, Garnier & Co cut Zalando from a “neutral” rating to a “sell” rating and reduced their price objective for the company from €87.00 ($91.58) to €38.00 ($40.00) in a research note on Wednesday, June 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.58.
The stock has a fifty day moving average of $18.54 and a two-hundred day moving average of $28.59. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 43.42 and a beta of 1.48. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 0.44.
Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.
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