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

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

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.75 on Friday. The company has a market capitalization of $17.65 million, a P/E ratio of -0.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79. Xcel Brands has a fifty-two week low of $0.58 and a fifty-two week high of $1.70. The company’s 50-day moving average is $0.70 and its 200 day moving average is $0.72.

Xcel Brands (NASDAQ:XELB) last issued its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.08. The firm had revenue of $2.95 million for the quarter, compared to analyst estimates of $2.98 million. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. During the same period in the previous year, the company posted ($0.09) earnings per share. On average, equities research analysts forecast that Xcel Brands will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Xcel Brands

Hedge funds have recently made changes to their positions in the stock. Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands in the first quarter worth about $86,000. Perritt Capital Management Inc. boosted 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 worth $473,000 after purchasing an additional 145,833 shares in the last quarter. Finally, AWM Investment Company Inc. purchased a new stake in Xcel Brands in the first quarter worth approximately $600,000. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.