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

Analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Tuesday. The firm set a “sell” rating on the textile maker’s stock.

Separately, Sidoti upgraded shares of Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $2.66 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock has a market cap of $6.31 million, a PE ratio of -2.58 and a beta of 1.01. The stock’s fifty day simple moving average is $3.41 and its two-hundred day simple moving average is $5.37. Xcel Brands has a 1-year low of $2.50 and a 1-year high of $8.90.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent SEC filing. 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.