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

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

Xcel Brands Trading Down 0.6 %

Shares of NASDAQ XELB opened at $0.42 on Monday. Xcel Brands has a twelve month low of $0.33 and a twelve month high of $1.18. The stock has a market cap of $9.94 million, a price-to-earnings ratio of -0.41 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $0.52 and its 200-day moving average is $0.65.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. Equities research analysts predict that Xcel Brands will post -0.23 EPS for the current year.

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its position in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. 18.55% of the stock is owned by 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.