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

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $54.21, but opened at $50.00. Xtep International shares last traded at $50.00, with a volume of 2 shares.

Wall Street Analysts Forecast Growth

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

Xtep International Stock Performance

The firm has a 50 day moving average price of $54.79 and a 200 day moving average price of $62.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02.

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.