Xtep International (OTCMKTS:XTEPY) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Xtep International (OTCMKTS:XTEPY) from a strong-buy rating to a strong sell rating in a research note issued to investors on Wednesday morning,Zacks reports.

Xtep International Stock Performance

Shares of OTCMKTS:XTEPY opened at $44.75 on Wednesday. The business’s 50 day moving average is $46.97 and its 200 day moving average is $54.78. Xtep International has a 12-month low of $44.00 and a 12-month high of $84.94. The company has a quick ratio of 2.02, a current ratio of 2.37 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.