Xtep International (OTCMKTS:XTEPY) Hits New 52-Week Low – What’s Next?

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) hit a new 52-week low on Thursday . The company traded as low as $44.24 and last traded at $44.7320, with a volume of 148 shares. The stock had previously closed at $47.00.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Xtep International to a “hold” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Xtep International Trading Down 4.8%

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 business has a fifty day moving average price of $51.82 and a 200 day moving average price of $59.50.

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.