Xtep International (OTCMKTS:XTEPY) Sees Large Volume Increase – Time to Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares saw unusually-strong trading volume on Friday. Approximately 581 shares changed hands during mid-day trading, an increase of 285% from the previous session’s volume of 151 shares. The stock last traded at $44.25 and had previously closed at $43.50.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Xtep International from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Xtep International Trading Up 1.7%

The business has a fifty day moving average price of $45.49 and a 200 day moving average price of $50.71.

About Xtep International

Xtep International Holdings Limited is a China-based sporting goods company that designs, develops, manufactures and markets athletic footwear, apparel and accessories. Its products are sold under the Xtep brand and are intended for sports, fitness and everyday lifestyle use.

The company operates a multi-brand portfolio that includes its core Xtep business as well as international sportswear brands such as Saucony and Merrell in selected Greater China markets. Xtep’s products are distributed through retail stores, e-commerce platforms and other sales channels, primarily serving consumers in mainland China and other markets across Asia.

Founded in 1999, Xtep International was listed on the Hong Kong Stock Exchange in 2008.