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

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

Xcel Brands Price Performance

NASDAQ XELB opened at $0.45 on Friday. 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 stock has a market capitalization of $10.64 million, a PE ratio of -0.44 and a beta of 1.36. Xcel Brands has a 12-month low of $0.33 and a 12-month high of $1.49. The company has a 50 day moving average price of $0.55 and a two-hundred day moving average price of $0.67.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. As a group, equities analysts predict that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

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.