Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Time to Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) shares gapped up before the market opened on Monday . The stock had previously closed at $48.00, but opened at $51.12. Xtep International shares last traded at $48.85, with a volume of 17 shares.

Wall Street Analysts Forecast Growth

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

Xtep International Stock Up 1.0%

The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $53.34 and a 200 day moving average of $61.15.

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.