Xcel Brands (NASDAQ:XELB) Research Coverage Started at StockNews.com

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

Xcel Brands Price Performance

Shares of XELB stock opened at $0.79 on Wednesday. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $0.74 and a 200-day moving average of $0.71. The company has a market capitalization of $18.63 million, a price-to-earnings ratio of -0.88 and a beta of 1.34.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.98 million. During the same period in the prior year, the business earned ($0.09) EPS. As a group, equities research analysts predict that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

A number of institutional investors have recently made changes to their positions in the business. Levin Capital Strategies L.P. bought a new position in Xcel Brands in the first quarter valued at $86,000. Perritt Capital Management Inc. grew 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 acquiring an additional 145,833 shares in the last quarter. Finally, AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands in the first quarter valued at about $600,000. 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.