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

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $48.89 and last traded at $48.89, with a volume of 4 shares. The stock had previously closed at $51.08.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Xtep International to a “hold” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Xtep International Stock Down 4.3%

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 firm’s 50-day simple moving average is $54.61 and its 200 day simple moving average is $62.25.

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.