Xtep International (OTCMKTS:XTEPY) Sees Large Volume Increase – Here’s What Happened

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw an uptick in trading volume on Wednesday . Approximately 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.

Analyst Ratings Changes

Separately, Zacks Research cut Xtep International from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Xtep International Trading Up 1.5%

The firm has a 50-day simple moving average of $46.17 and a 200-day simple moving average of $53.39. 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.