Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Here’s What Happened

Xtep International Holdings Ltd. (OTCMKTS:XTEPYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $46.54, but opened at $49.83. Xtep International shares last traded at $48.17, with a volume of 11 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Xtep International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Check Out Our Latest Report on Xtep International

Xtep International Stock Down 1.7%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37. The firm’s 50-day moving average is $50.93 and its 200 day moving average is $58.42.

Xtep International Company Profile

(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.

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