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

Equities researchers at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued on Friday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Trading Down 8.4 %

NASDAQ XELB opened at $0.47 on Friday. 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 firm has a market capitalization of $11.14 million, a P/E ratio of -0.52 and a beta of 1.36. The business has a fifty day simple moving average of $0.62 and a 200 day simple moving average of $0.68. Xcel Brands has a 12 month low of $0.33 and a 12 month high of $1.70.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. On average, analysts predict that Xcel Brands will post -0.26 EPS 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.