Zalando (OTCMKTS:ZLNDY) Sets New 12-Month High – Time to Buy?

Zalando SE (OTCMKTS:ZLNDY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.48 and last traded at $19.48, with a volume of 6978 shares changing hands. The stock had previously closed at $19.29.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Zalando from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 16th.

Zalando Price Performance

The firm has a market capitalization of $10.76 billion, a P/E ratio of 45.74 and a beta of 1.71. The stock’s fifty day simple moving average is $17.35 and its 200 day simple moving average is $15.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88.

About Zalando

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.