Xtep International (OTCMKTS:XTEPY) Hits New 1-Year Low – Here’s Why

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPYGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $44.24 and last traded at $44.7320, with a volume of 148 shares. The stock had previously closed at $47.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Xtep International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

View Our Latest Report on XTEPY

Xtep International Trading Up 5.1%

The firm’s 50-day moving average price is $51.49 and its 200-day moving average price is $59.23. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.

About Xtep International

(Get Free Report)

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.

Further Reading

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