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

Investment analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a note issued to investors on Monday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

Shares of XELB opened at $0.72 on Monday. The company’s 50 day simple moving average is $0.71 and its 200-day simple moving average is $0.71. The firm has a market cap of $16.92 million, a PE ratio of -0.66 and a beta of 1.34. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08.

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

Institutional Trading of Xcel Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in XELB. Perritt Capital Management Inc. increased its holdings in shares of Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares during the period. AWM Investment Company Inc. purchased a new position in Xcel Brands in the 1st quarter valued at $600,000. Finally, Levin Capital Strategies L.P. purchased a new position in Xcel Brands in the 1st quarter valued at $86,000. 18.55% of the stock is 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.