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

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

Xcel Brands Price Performance

NASDAQ XELB opened at $0.74 on Wednesday. The business has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $0.90. Xcel Brands has a 52-week low of $0.58 and a 52-week high of $2.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market cap of $17.30 million, a price-to-earnings ratio of -0.68 and a beta of 1.42.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The business had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Analysts anticipate that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

Several hedge funds have recently made changes to their positions in XELB. Summit Trail Advisors LLC boosted its holdings in shares of Xcel Brands by 32.5% in the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after buying an additional 550,453 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at approximately $600,000. Perritt Capital Management Inc. boosted its holdings in shares of Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after buying an additional 145,833 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at approximately $86,000. 18.55% of the stock is owned by institutional investors.

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.