Equities research analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Get Free Report) in a research report issued on Wednesday. The brokerage set a “sell” rating on the textile maker’s stock.
Xcel Brands Price Performance
XELB stock opened at $0.79 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $0.74 and its 200 day moving average is $0.71. The stock has a market cap of $18.54 million, a price-to-earnings ratio of -0.73 and a beta of 1.34. Xcel Brands has a 1-year low of $0.58 and a 1-year high of $1.70.
Xcel Brands (NASDAQ:XELB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share 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 analysts’ expectations 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 in the prior year, the business earned ($0.09) earnings per share. Sell-side analysts predict that Xcel Brands will post -0.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
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.
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