Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report sent to investors on Friday morning. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

XELB opened at $0.73 on Friday. Xcel Brands has a fifty-two week low of $0.58 and a fifty-two week high of $1.70. The firm has a 50-day moving average of $0.75 and a 200 day moving average of $0.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market cap of $17.29 million, a P/E ratio of -0.81 and a beta of 1.34.

Institutional Investors Weigh In On Xcel Brands

Large investors have recently modified their holdings of the stock. Levin Capital Strategies L.P. bought a new position in shares of Xcel Brands during the 1st quarter worth $86,000. AWM Investment Company Inc. purchased a new stake in Xcel Brands during the first quarter valued at about $600,000. Finally, Perritt Capital Management Inc. boosted its position in Xcel Brands by 31.6% during the first 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 during the period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.