Xtep International (OTCMKTS:XTEPY) Sets New 1-Year Low – Here’s What Happened

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.6950 and last traded at $48.81, with a volume of 41 shares. The stock had previously closed at $48.9450.

Wall Street Analysts Forecast Growth

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

Xtep International Trading Down 1.7%

The firm has a 50-day simple moving average of $53.12 and a 200 day simple moving average of $61.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37.

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.