Xtep International (OTCMKTS:XTEPY) Upgraded at Zacks Research

Xtep International (OTCMKTS:XTEPY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Xtep International Stock Down 4.8%

Shares of OTCMKTS XTEPY opened at $44.73 on Tuesday. 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 has a 1 year low of $44.24 and a 1 year high of $84.94. The stock’s 50-day simple moving average is $51.82 and its 200-day simple moving average is $59.50.

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.