Xtep International (OTCMKTS:XTEPY) Shares Gap Down – Should You Sell?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) gapped down before the market opened on Friday . The stock had previously closed at $49.29, but opened at $46.23. Xtep International shares last traded at $46.23, with a volume of 1 shares changing hands.

Analysts Set New Price Targets

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

Xtep International Stock Performance

The firm has a 50 day moving average price of $53.01 and a 200 day moving average price of $60.86. 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.