Xcel Brands (NASDAQ:XELB) Posts Earnings Results, Beats Estimates By $0.06 EPS

Xcel Brands (NASDAQ:XELB) posted its earnings results on Friday. The textile maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.06, Zacks reports. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%.

Xcel Brands Stock Down 21.9 %

NASDAQ:XELB traded down $0.11 during trading hours on Friday, hitting $0.40. The stock had a trading volume of 332,619 shares, compared to its average volume of 34,709. The business has a 50 day simple moving average of $0.72 and a two-hundred day simple moving average of $0.70. Xcel Brands has a 1-year low of $0.36 and a 1-year high of $1.70. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market cap of $9.43 million, a PE ratio of -0.44 and a beta of 1.31.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Xcel Brands in a research note on Tuesday. They set a “sell” rating on the stock.

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.