Xtep International (OTCMKTS:XTEPY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Xtep International (OTCMKTS:XTEPY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Xtep International Stock Down 4.8%

OTCMKTS:XTEPY opened at $44.73 on Tuesday. The stock’s 50-day simple moving average is $51.82 and its 200 day simple moving average is $59.50. The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. Xtep International has a twelve month low of $44.24 and a twelve month high of $84.94.

Xtep International Company Profile

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.