Xcel Brands (NASDAQ:XELB) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) 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) 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

Several large investors have recently added to or reduced their stakes in XELB. Levin Capital Strategies L.P. bought a new stake in Xcel Brands during the first quarter worth about $86,000. AWM Investment Company Inc. purchased a new position in shares of Xcel Brands during the 1st quarter valued at about $600,000. Finally, Perritt Capital Management Inc. lifted its position in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after buying an additional 145,833 shares during the last quarter. Institutional investors own 18.55% of the company’s 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.