Zalando (OTCMKTS:ZLNDY) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Zalando Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 43.01 and a beta of 1.75. The stock’s fifty day simple moving average is $15.65 and its two-hundred day simple moving average is $13.92.

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.