Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Here’s What Happened

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares gapped up before the market opened on Monday . The stock had previously closed at $46.54, but opened at $49.83. Xtep International shares last traded at $48.17, with a volume of 11 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Xtep International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Xtep International currently has a consensus rating of “Strong Buy”.

Xtep International Price Performance

The company’s 50 day simple moving average is $50.93 and its 200 day simple moving average is $58.42. The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12.

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.