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

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

Separately, Sidoti upgraded Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Trading Up 9.6 %

Xcel Brands stock opened at $0.32 on Friday. The stock has a market cap of $7.59 million, a PE ratio of -0.31 and a beta of 1.38. The stock has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.57. Xcel Brands has a 52 week low of $0.26 and a 52 week high of $1.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data 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 return on equity of 19.20% and a negative net margin of 236.80%. Equities research analysts predict that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. 18.55% of the stock is owned by 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.