StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

Stock analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

XELB opened at $0.70 on Friday. The stock has a market capitalization of $16.39 million, a P/E ratio of -0.77 and a beta of 1.34. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The stock has a 50-day moving average price of $0.76 and a 200-day moving average price of $0.71.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Levin Capital Strategies L.P. purchased a new position in Xcel Brands, Inc. (NASDAQ:XELB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,000 shares of the textile maker’s stock, valued at approximately $86,000. Levin Capital Strategies L.P. owned about 0.47% of Xcel Brands as of its most recent SEC filing. 18.55% of the stock is currently owned by institutional investors and hedge funds.

About Xcel Brands

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.