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

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

Xcel Brands Price Performance

XELB stock opened at $0.79 on Wednesday. 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 firm has a market cap of $18.63 million, a PE ratio of -0.88 and a beta of 1.34. Xcel Brands has a one year low of $0.58 and a one year high of $1.70. The firm’s fifty day moving average is $0.74 and its 200 day moving average is $0.71.

Xcel Brands (NASDAQ:XELB) last posted 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 for the quarter, compared to the consensus estimate of $2.98 million. During the same period last year, the firm posted ($0.09) earnings per share. On average, research analysts forecast that Xcel Brands will post -0.26 EPS for the current year.

Institutional Trading of Xcel Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Levin Capital Strategies L.P. acquired a new position in Xcel Brands in the 1st quarter valued at $86,000. AWM Investment Company Inc. acquired a new position in shares of Xcel Brands during the 1st quarter worth $600,000. Finally, Perritt Capital Management Inc. grew its stake in shares of Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after purchasing an additional 145,833 shares during the period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.