Xtep International (OTCMKTS:XTEPY) Sees Strong Trading Volume – Still a Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares saw strong trading volume on Friday. 581 shares changed hands during mid-day trading, an increase of 285% from the previous session’s volume of 151 shares. The stock last traded at $44.25 and had previously closed at $43.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Xtep International from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Xtep International has a consensus rating of “Sell”.

Xtep International Stock Performance

The company’s 50 day moving average is $45.49 and its 200-day moving average is $50.71.

About Xtep International

Xtep International Holdings Limited is a China-based sporting goods company that designs, develops, manufactures and markets athletic footwear, apparel and accessories. Its products are sold under the Xtep brand and are intended for sports, fitness and everyday lifestyle use.

The company operates a multi-brand portfolio that includes its core Xtep business as well as international sportswear brands such as Saucony and Merrell in selected Greater China markets. Xtep’s products are distributed through retail stores, e-commerce platforms and other sales channels, primarily serving consumers in mainland China and other markets across Asia.

Founded in 1999, Xtep International was listed on the Hong Kong Stock Exchange in 2008.