Xtep International (OTCMKTS:XTEPY) Sees Strong Trading Volume – Time to Buy?

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw unusually-high trading volume on Wednesday . 273 shares traded hands during trading, an increase of 83% from the previous session’s volume of 149 shares.The stock last traded at $43.00 and had previously closed at $43.23.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Xtep International from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Xtep International currently has an average rating of “Sell”.

Xtep International Price Performance

The company’s 50-day simple moving average is $46.02 and its 200-day simple moving average is $53.03. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.

Xtep International Company Profile

Xtep International Holdings Limited is a China-based sporting-goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products are primarily positioned for running, training and other sports and lifestyle activities, with offerings distributed through retail stores, e-commerce channels and other sales networks.

The company operates its core Xtep brand and has expanded its portfolio through international sportswear brands, including Saucony and Merrell.