Xtep International (OTCMKTS:XTEPY) Sees Strong Trading Volume – Here’s What Happened

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw unusually-high trading volume on Friday . 272 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

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

Xtep International Price Performance

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

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.