Xtep International (XTEPY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Xtep International (NASDAQ:XTEPY) from a strong sell rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “Xtep International Holdings Limited is engaged in the designing, developing, manufacturing and marketing sportswear, including footwear, apparel and accessory products. Its products are sold under the Xtep brand and the Koling brand. It sells its products through its distribution network comprising distributors and third-party retailers, as well as online. Xtep International Holdings Limited is headquartered in Quanzhou, the People’s Republic of China. “

Xtep International (NASDAQ XTEPY) traded down 13.26% during trading on Thursday, hitting $33.69. 200 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $50.23 and its 200 day moving average price is $49.56. The stock has a market cap of $747.82 million and a P/E ratio of 10.87. Xtep International has a 12-month low of $33.69 and a 12-month high of $45.92.

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