Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Should You Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) gapped up before the market opened on Wednesday . The stock had previously closed at $47.00, but opened at $49.18. Xtep International shares last traded at $49.18, with a volume of 20 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Xtep International to a “hold” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Xtep International Trading Up 4.6%

The firm’s fifty day moving average price is $51.94 and its 200-day moving average price is $59.65. 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

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.