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

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

Xcel Brands Stock Down 2.0 %

Shares of XELB opened at $0.60 on Tuesday. Xcel Brands has a one year low of $0.58 and a one year high of $2.10. The firm has a 50 day simple moving average of $0.69 and a two-hundred day simple moving average of $0.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The company has a market cap of $14.05 million, a P/E ratio of -0.55 and a beta of 1.42.

Xcel Brands (NASDAQ:XELB) last issued 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. The business had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. Research analysts forecast that Xcel Brands will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XELB. Summit Trail Advisors LLC boosted its stake in Xcel Brands by 32.5% during 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 purchasing an additional 550,453 shares during the last quarter. AWM Investment Company Inc. bought a new position in shares of Xcel Brands in the first quarter valued at approximately $600,000. Perritt Capital Management Inc. boosted its position in shares of Xcel Brands by 31.6% during the first 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. bought a new stake in Xcel Brands during the first quarter worth $86,000. Institutional investors own 18.55% of the company’s stock.

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.