Xtep International (OTCMKTS:XTEPY) Sees Strong Trading Volume – Should You Buy?

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw strong trading volume on Friday . 272 shares traded hands during trading, an increase of 141% from the previous session’s volume of 113 shares.The stock last traded at $48.85 and had previously closed at $44.7320.

Wall Street Analysts Forecast Growth

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

Xtep International Trading Up 5.1%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02. The firm’s 50-day moving average is $51.63 and its 200 day moving average is $59.32.

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.