Xtep International Holdings Ltd. (OTCMKTS:XTEPY – Get Free Report) gapped up before the market opened on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $47.00, but opened at $49.18. Xtep International shares last traded at $49.18, with a volume of 20 shares changing hands.
Xtep International Price Performance
The stock’s 50 day moving average price is $51.63 and its 200-day moving average price is $59.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37.
About Xtep International
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.
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