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

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Thursday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Performance

XELB opened at $0.73 on Thursday. 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 fifty day moving average price is $0.69 and its two-hundred day moving average price is $0.73. Xcel Brands has a 1-year low of $0.58 and a 1-year high of $1.70. The company has a market cap of $17.27 million, a price-to-earnings ratio of -0.67 and a beta of 1.35.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. The company had revenue of $2.95 million during 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 quarter in the prior year, the company posted ($0.09) earnings per share. On average, analysts expect that Xcel Brands will post -0.26 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

Several institutional investors and hedge funds have recently made changes to their positions in XELB. Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands in the first quarter valued at about $86,000. Perritt Capital Management Inc. raised 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 last quarter. Finally, AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands in the first quarter valued at about $600,000. 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.