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

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $43.24 and last traded at $43.24, with a volume of 10 shares traded. The stock had previously closed at $45.1450.

Wall Street Analyst Weigh In

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

Xtep International Price Performance

The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is $46.40 and its two-hundred day simple moving average is $53.86.

Xtep International Company Profile

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.