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

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note released on Friday. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Down 4.0 %

Shares of NASDAQ XELB opened at $0.73 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. The company has a market cap of $17.29 million, a P/E ratio of -0.81 and a beta of 1.34. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $1.70. The business has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. bought a new stake in Xcel Brands during the first quarter valued at $600,000. Perritt Capital Management Inc. increased its stake 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 acquiring an additional 145,833 shares during the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands in the 1st quarter valued at about $86,000. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.