Xtep International Holdings Ltd. (OTCMKTS:XTEPY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday after Zacks Research downgraded the stock from a strong-buy rating to a strong sell rating. The stock traded as low as $44.00 and last traded at $44.00, with a volume of 40 shares changing hands. The stock had previously closed at $45.9584.
Xtep International Stock Down 1.7%
The stock has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $54.70. 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.
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