Zacks Investment Research cut shares of Xtep International (OTCMKTS:XTEPY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday.

According to Zacks, “Xtep International Holdings Limited is engaged in the designing, developing, manufacturing and marketing sportswear, including footwear, apparel and accessory products. Its products are sold under the Xtep brand and the Koling brand. It sells its products through its distribution network comprising distributors and third-party retailers, as well as online. Xtep International Holdings Limited is headquartered in Quanzhou, the People’s Republic of China. “

Xtep International (XTEPY) remained flat at $$36.16 during midday trading on Thursday. Xtep International has a 52 week low of $33.69 and a 52 week high of $38.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.09 and a current ratio of 3.31.

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