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

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

Xcel Brands Price Performance

NASDAQ XELB opened at $0.60 on Monday. The firm’s 50 day moving average is $0.70 and its 200-day moving average is $0.97. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $14.09 million, a PE ratio of -0.55 and a beta of 1.47. Xcel Brands has a 12-month low of $0.60 and a 12-month high of $2.10.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The firm had revenue of $2.18 million for the quarter, compared to analyst estimates of $2.20 million. Equities research analysts anticipate that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Levin Capital Strategies L.P. bought a new stake in shares of Xcel Brands during the 1st quarter worth approximately $86,000. Perritt Capital Management Inc. increased its holdings in Xcel Brands by 31.6% during 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 during the last quarter. Summit Trail Advisors LLC raised its position in Xcel Brands by 32.5% during the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after acquiring an additional 550,453 shares in the last quarter. Finally, AWM Investment Company Inc. bought a new stake in Xcel Brands during the first quarter worth $600,000. 18.55% of the stock is currently 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.