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

Analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

Shares of NASDAQ XELB opened at $0.74 on Friday. The stock’s 50-day simple moving average is $0.70 and its two-hundred day simple moving average is $0.72. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $1.70. The firm has a market capitalization of $17.38 million, a P/E ratio of -0.68 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data 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 company had revenue of $2.95 million for the quarter, compared to analysts’ expectations of $2.98 million. During the same period in the prior year, the business earned ($0.09) earnings per share. As a group, equities analysts anticipate that Xcel Brands will post -0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

A number of large investors have recently modified their holdings of XELB. Perritt Capital Management Inc. boosted its stake in Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after buying an additional 145,833 shares in the last quarter. AWM Investment Company Inc. bought a new position in shares of Xcel Brands during the 1st quarter valued at $600,000. Finally, Levin Capital Strategies L.P. purchased a new position in Xcel Brands in the 1st quarter worth $86,000. 18.55% of the stock is 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.