Xtep International (OTCMKTS:XTEPY) Rating Lowered to “Strong Sell” at Zacks Research

Xtep International (OTCMKTS:XTEPY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Xtep International Trading Down 2.6%

XTEPY stock opened at $44.75 on Wednesday. The company has a 50 day moving average price of $46.97 and a 200 day moving average price of $54.78. Xtep International has a fifty-two week low of $44.00 and a fifty-two week high of $84.94. 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.