Xtep International (OTCMKTS:XTEPY) Sees Large Volume Increase – Here’s What Happened

Shares of Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw unusually-high trading volume on Thursday . 1,500 shares changed hands during trading, an increase of 1,110% from the previous session’s volume of 124 shares.The stock last traded at $49.00 and had previously closed at $48.0250.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Xtep International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Xtep International presently has a consensus rating of “Strong Buy”.

Xtep International Price Performance

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 company has a 50-day moving average price of $51.08 and a 200-day moving average price of $58.70.

Xtep International Company Profile

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.