Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Here’s Why

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $43.50, but opened at $46.0009. Xtep International shares last traded at $46.0009, with a volume of 69 shares changing hands.

Analyst Upgrades and Downgrades

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

Xtep International Stock Up 4.7%

The business has a fifty day moving average of $44.98 and a two-hundred day moving average of $49.92.

Xtep International Company Profile

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.