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

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares gapped up prior to trading 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.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 MarketBeat, the company has a consensus rating of “Hold”.

Xtep International Stock Down 0.2%

The firm’s 50 day moving average price is $53.69 and its two-hundred day moving average price is $61.43. 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.