Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Time to Buy?

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) gapped up before the market opened on Tuesday . The stock had previously closed at $47.00, but opened at $49.94. Xtep International shares last traded at $46.54, with a volume of 105 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Xtep International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Xtep International Stock Performance

The stock has a 50-day moving average of $51.38 and a 200 day moving average of $59.02. 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.