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

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Friday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Down 4.0 %

Xcel Brands stock traded down $0.03 on Friday, hitting $0.73. 31,537 shares of the stock traded hands, compared to its average volume of 18,119. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $1.70. The business’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. The business had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $2.98 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Research analysts expect that Xcel Brands will post -0.26 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. Levin Capital Strategies L.P. purchased a new stake in Xcel Brands during the 1st quarter valued at $86,000. Perritt Capital Management Inc. lifted its stake in Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 145,833 shares during the period. Finally, AWM Investment Company Inc. bought a new position in Xcel Brands during the first quarter valued at approximately $600,000. 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.