Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Still a Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares gapped up before the market opened on Monday . The stock had previously closed at $48.00, but opened at $51.12. Xtep International shares last traded at $48.85, with a volume of 17 shares changing hands.

Analyst Ratings Changes

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

Xtep International Stock Down 0.2%

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 stock’s fifty day moving average price is $53.69 and its 200-day moving average price is $61.43.

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.