Xtep International (OTCMKTS:XTEPY) Shares Gap Down – What’s Next?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $49.00, but opened at $46.25. Xtep International shares last traded at $46.25, with a volume of 3 shares trading hands.

Analysts Set New Price Targets

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

Xtep International Price Performance

The business’s 50 day moving average price is $50.87 and its 200 day moving average price is $58.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37.

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.