Xtep International (OTCMKTS:XTEPY) Reaches New 12-Month Low – Here’s What Happened

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $48.89 and last traded at $48.89, with a volume of 4 shares traded. The stock had previously closed at $51.08.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Xtep International to a “hold” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Xtep International Stock Down 4.3%

The company has a 50 day simple moving average of $54.61 and a 200 day simple moving average of $62.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37.

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.