Zalando Se (NASDAQ:ZLNDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Zalando SE is an online fashion retailer. The Company offers clothing, sports products, shoes, bags and other accessories for men, women and children. Zalando SE is headquartered in Berlin, Germany. “

Shares of Zalando Se (NASDAQ ZLNDY) traded down 1.15% during mid-day trading on Wednesday, reaching $24.96. The company had a trading volume of 1,999 shares. The firm has a market capitalization of $12.35 billion and a price-to-earnings ratio of 92.79. Zalando Se has a 52-week low of $18.03 and a 52-week high of $25.38.

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