Equities researchers at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB – Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the textile maker’s stock.
Xcel Brands Stock Performance
Shares of XELB stock opened at $0.74 on Friday. The stock has a market capitalization of $17.38 million, a PE ratio of -0.68 and a beta of 1.35. The business’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72. Xcel Brands has a one year low of $0.58 and a one year high of $1.70.
Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.08. The firm had revenue of $2.95 million for the quarter, compared to analyst estimates of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same quarter in the prior year, the business earned ($0.09) earnings per share. As a group, research analysts forecast that Xcel Brands will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On Xcel Brands
Xcel Brands Company Profile
Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.
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