Xtep International (OTCMKTS:XTEPY) Hits New 52-Week Low – Here’s What Happened

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.6950 and last traded at $48.81, with a volume of 41 shares trading hands. The stock had previously closed at $48.9450.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Xtep International to a “hold” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Xtep International has a consensus rating of “Hold”.

Xtep International Price Performance

The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $53.51 and a 200 day moving average of $61.29.

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.