Xtep International (OTCMKTS:XTEPY) Shares Gap Up – What’s Next?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $46.54, but opened at $49.83. Xtep International shares last traded at $48.17, with a volume of 11 shares.

Wall Street Analysts Forecast Growth

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

Xtep International Stock Up 0.7%

The business has a fifty day moving average of $50.81 and a 200 day moving average of $58.14. The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12.

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.