Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Here’s Why

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) gapped up prior to trading on Thursday . The stock had previously closed at $54.49, but opened at $57.10. Xtep International shares last traded at $57.10, with a volume of 3 shares traded.

Xtep International Stock Up 4.8%

The business’s 50 day moving average is $55.85 and its 200 day moving average is $64.31. 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.