Xcel Brands (NASDAQ:XELB) Research Coverage Started at StockNews.com

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

Xcel Brands Stock Performance

NASDAQ:XELB opened at $0.79 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market capitalization of $18.71 million, a PE ratio of -0.88 and a beta of 1.34. Xcel Brands has a fifty-two week low of $0.58 and a fifty-two week high of $1.70. The company has a fifty day moving average of $0.75 and a two-hundred day moving average of $0.71.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The firm had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, research analysts forecast that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

Large investors have recently made changes to their positions in the company. Levin Capital Strategies L.P. acquired a new stake in Xcel Brands during the 1st quarter worth $86,000. Perritt Capital Management Inc. grew 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 in the last quarter. Finally, AWM Investment Company Inc. acquired a new stake in Xcel Brands in the 1st quarter valued at about $600,000. 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.