Zacks Research Upgrades Xtep International (OTCMKTS:XTEPY) to “Strong-Buy”

Xtep International (OTCMKTS:XTEPY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Xtep International Stock Performance

Xtep International stock opened at $44.73 on Tuesday. The firm has a fifty day moving average of $51.82 and a 200-day moving average of $59.50. Xtep International has a 52-week low of $44.24 and a 52-week high of $84.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02.

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.